1/4/2025, 8:41:03 pm

Newsmax stock soars, pushing market cap over $7 billion after IPO

Newsmax stock soared nearly 50% Tuesday morning, 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 at $10. Newsmax’s rapid ascent in its first two days of trading pushed the company’s market cap to $7.4 billion. “This incredibly successful offering, combined with our previous Preferred O...