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866 Newsmax stock soars 735% in debut

KillerStartups
Maya Johnson @ KillerStartups · 04/02/2025 20:56 EDT

Newsmax stock soars 735% in debut

Newsmax, the conservative cable news network, made a stunning debut on the New York Stock Exchange on Monday. Shares of the company skyrocketed by an astonishing 735%, closing at $83.51 after being offered at $10 apiece in the initial public offering. The company raised $75 million by selling 7.5 million shares. The trading frenzy led ...

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