Newsmax (News)
NOTE: AllSides does not rate Newsmax TV; this rating is for Newsmax's online, written content only. AllSides rates Newsmax opinion content separately.
Newsmax's stock broke records for initial public offerings in its first week of trading, becoming the first Regulation A+ offering to go directly to the NYSE's Big Board – while captivating the markets with a dizzying valuation.
After trading began Monday just before 11 a.m. ET, Newsmax (NMAX) soon found itself with a share price of $44.30 and a market capitalization of $4.18 billion.
The New York Times marveled that Newsmax's spectacular rise briefly put it at a richer valuation than U.S. Steel...