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Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently ...
$9.2 billion. That’s the estimated value of Newsmax CEO Christopher Ruddy’s 31% stake in the company as of Tuesday’s closing ...
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.
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York ...
Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's ...
Newsmax shares plunged Wednesday in the third day of trading for the media company after a wild response to its Monday IPO.
The current IPO market, in short, is nowhere close to its recent heights. Data via Dealogic Peter Horan, founder of Horan MediaTech Advisors, told TheWrap he views Newsmax’s success as more of a ...
Interestingly, Newsmax's IPO was sold to 30,000 retail investors ... that Trump has been the main reason behind the stock's success. But the president's reciprocal tariffs could hurt the ...
With $75 million in gross proceeds from the IPO and $225 million raised from a prior private placement of preferred stock to accredited investors, Newsmax leadership has outlined plans to fuel growth.
This week’s IPO has been a monumental success for the pro-Trump talk and news channel, which has long been an also-ran in a sector dominated by Fox News. Newsmax CEO Chris Ruddy, who is now a ...
The Newsmax IPO was one for the record books ... editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments ...
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