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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.
Newsmax (NMAX) stock dropped just over 77% Wednesday, forfeiting a large chunk of its massive post-IPO surge that saw shares soar from $14 to $233. The stock's spiral sent Newsmax's market cap down to ...
Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's ...
Newsmax (NYSE: NMAX) stock has been on a roller-coaster ride since its initial public offering (IPO) on April 1. After ...
Newsmax shares plunged Wednesday in the third day of trading for the media company after a wild response to its Monday IPO.
Newsmax Inc. NMAX shares are ripping higher again on Tuesday as the stock continues to gain momentum following its explosive IPO debut. The company raised $75 million in its IPO through the sale ...
Newsmax stock (NMAX) soared 180% Tuesday, extending its massive 735% gain on Monday following the conservative cable news outlet’s IPO. Newsmax raised $75 million in its IPO Friday, with shares priced ...
Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a private offering to sell up to $225 million of convertible preferred stock.
Trading under the ticker "NMAX," the shares surged more than 720% ... we're very competitive with" Fox News, he told CNBC. The IPO provides Newsmax with a valuation of more than $10 billion ...
Conservative news company Newsmax (NMAX) only just went public on Monday, and already, its stock has been halted due to extreme volatility. The response to its shares hitting the public market was ...
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