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Newsmax went public on Monday, raising $75 million from 7.5 million shares. The stock surged 667% in its debut, valuing Newsmax at about $8 billion.
AOL |
Exemptions were limited and primarily tied to existing trade agreements or special circumstances.
CBC.ca |
U.S. stocks whipped through another dizzying day on Wednesday in the final hours before U.S. President Donald Trump unveiled the tariffs promised as part of his "Liberation Day," which could drastical...
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Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
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.
It isn’t clear how, if at all, tariffs would impact Trump Media’s business, which have been operating with large losses since going public last year.
Newsmax (NMAX, Financials) shares surged in their debut on the New York Stock Exchange on Monday, rising more than sixfold from the initial public offering price and pushing the conservative media company's valuation close to $8 billion.
Newsmax debuted on the New York Stock Exchange on Monday and surged over 700% during its first day of trading, leading to a dozen trading halts following its initial public offering, as its market cap surged to more than $7.3 billion.
The stock market may seem complex and confusing, especially if you’re just starting your investment journey. But in reality, it’s a place where ordinary people—just like you—can become co-owners of the world’s largest companies,
Shares of conservative news outlet Newsmax skyrocketed in the company’s first day of trading on the New York Stock Exchange Monday after a $75 million initial public offering.