The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as $265.

Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York ...

Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently ...

Newsmax’s impressive stock market performance reflects a growing trend ... The post Newsmax IPO sees stock price skyrocket appeared first on Considerable.

With $75 million in gross proceeds from the IPO and $225 million raised from a prior private placement of preferred stock to accredited investors, Newsmax leadership has outlined plans to fuel growth.

Newsmax settled a defamation lawsuit filed by Smartmatic in September for $40 million, which stemmed from claims that ...

The stock soared 735% during its first day of trading Monday, the best first-day performance for a U.S. IPO since 2022. Newsmax's success comes against an uncertain backdrop for IPOs, with Nvidia ...

The Newsmax IPO was one for the record books ... Data from FactSet show the second-day performance of Newsmax, when it surged 179%, was one of the strongest ever for a new listing.

This week’s IPO has been a monumental ... dominated by Fox News. Newsmax CEO Chris Ruddy, who is now a billionaire on paper thanks to the stock’s explosive performance, told CNN, “Last ...