Newsmax Stock Has Soared 2,200% In Its 1st 2 Days Of Trading
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Adweek on MSNNewsmax Rings the NYSE Opening Bell to Launch Its IPONewsmax celebrated the launch of its IPO by ringing the opening bell at the New York Stock Exchange on Thursday. The network’s founder and CEO Chris Ruddy was joined by other Newsmax talent and staffers to mark the start of the trading day.
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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. That left the stock NMAX up 2,230% in its first two days of trade on the New York Stock Exchange.
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USD Coin issuer Circle Internet Group is trying for a second time to get listed on the New York Stock Exchange after disclosing significant revenue growth.
Long a conservative media also-ran, Newsmax’s stock price has risen and fallen dramatically throughout the week.
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap soar to $20 billion Tuesday.
Circle Internet Group is looking to become a publicly-traded company, filing for an IPO. It plans to use the ticker 'CRCL.'
Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.
Circle, the U.S.-based stablecoin issuer, is going public. The firm filed an S-1 form with the Securities and Exchange Commission (SEC) on Tuesday. If approved, the company's stock will be trading on the New York Stock Exchange under the symbol "CRCL.