Newsmax Share Rundown for Opening Day

  • Newsmax (NMAX) IPO shares sold last week for $10 a share with a $1.2 billion market cap.  
  • Newsmax raised $75 million for IPO.  
  • Newsmax Class B common shares opened trading at 10:51 a.m. ET on the NYSE.  
  • Within minutes shares quickly priced at over $14 a share.  
  • By 12 Noon ET shares were trading close to $70.  
  • Stock trading was halted several times throughout the day as buyers overwhelmed the exchange.  
  • At the 4 p.m. ET market close shares sold at $83.51 giving the company a market cap over $10 billion.  
  • More than 6.1 million shares of Newsmax traded on Monday.

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