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International Business Times UK

Niloy Chakrabarti

Conservative Cable Channel Nmax Surges Over 700% on the First Day of NYSE Trading

Nmax NYSE Newsmax Donald Trump Christopher Ruddy Fox News United States CNN

Newsmax was founded in 1998. (Credit: Pexels.com)

Newsmax (NYSE:NMAX), founded by Christopher Ruddy in 1998, went public yesterday on the New York Stock Exchange after US President Donald Trump's election boosted the conservative TV news outlet's ratings and network audience.

Newmax's IPO success shares similarities with the performance of other companies associated with conservative media, including video-sharing platform Rumble (NASDAQ:RUM) and Trump Media & Technology Group (NASDAQ:DJT), which rallied in the run-up to the 2024 presidential election.

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