Newsmax, Wild Post-IPO Runup
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The Washington Post |
Since it launched in 2014, the conservative cable network Newsmax has struggled to take viewers away from Fox News, the faraway leader in the sector, even as it has occasionally experienced periods of...
Seattle Times |
Shares offered at $10 closed at $233 a share Tuesday afternoon, giving the company a market valuation of over $20 billion.
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The conservative news outlet’s blockbuster public listing on Monday catapulted its founder and CEO, Chris Ruddy, into the billionaire ranks.
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Soap Central on MSNWho is Christopher Ruddy? All about the journalist and Newsmax founder as he becomes a billionaireChristopher Ruddy, renowned journalist and founder of conservative outlet, Newsmax, is now a billionaire. The Chief Executive Officer of the company now boasts a fortune of about $3.3 billion following the 735% surge in its shares.
Newsmax Inc.’s debut as a public company has given founder and Chief Executive Officer Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
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Mediaite on MSN‘Exciting Day on the NYSE’: Newsmax CEO, Personalities Ring Opening Bell on Wall Street Ahead of Market WipeoutNewsmax hosts, frequent guests, and the company’s CEO rang the opening bell on Wall Street Thursday just minutes before stocks plunged amid fears of the potential impacts of President Donald Trump’s new tariff policies.
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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 Media CEO Chris Ruddy joins "Squawk Box' to discuss the company's public debut on Wall Street today, state of digital news media, competition against FOX News, growth outlook, and more. JOE KERNEN,
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
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Adweek on MSNNewsmax Rings the NYSE Opening Bell to Launch Its IPONewsmax celebrated the launch of its IPO by ringing the opening bell at the New York Stock Exchange on Thursday. The network’s founder and CEO Chris Ruddy was joined by other Newsmax talent and staffers to mark the start of the trading day.
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Considerable on MSNNewsmax IPO sees stock price skyrocketAnalysts attribute the surge in Newsmax’s stock to retail investors, drawing comparisons to the meme-stock phenomenon witnessed with companies like GameStop. The concept of meme
Newsmax (NMAX) shares bounced Thursday, turning positive after first extending their retreat from post-IPO highs. The self-described conservative media company went public Monday, kicking off a whirlwind week of trading.
Shares of Newsmax skyrocketed again on Tuesday, as trading in the conservative news outlet’s stock was halted again for volatility multiple times throughout the day, more than doubling the company’s market cap to above $22 billion after a massive debut yesterday.