US EditionNewsmax listing turns media boss and Donald Trump ally Chris Ruddy into billionaire
- Newsmax debuted as a public company with Christopher Ruddy ringing the New York Stock Exchange opening bell on Thursday.
- Newsmax launched its IPO earlier in the week under Regulation A+, allowing smaller capital raises.
- The IPO initially offered shares at $10, raising $75 million, with the stock opening at $14.
- Newsmax CEO Ruddy stated he focuses on building the company, not the stock price, despite its volatility.
- Despite a Wednesday correction, Newsmax stock remains significantly above its IPO price, with a market cap around $6 billion.
24 Articles
24 Articles
Newsmax Scores on the Stock Exchange - The American Spectator | USA News and Politics
The prompting for this column was the invitation to be present on the floor of the New York Stock Exchange on Thursday as Newsmax, the conservative cable TV network created by longtime journalist Christopher Ruddy, became listed on the New York Stock Exchange.
Newsmax, the cable television network that repeated in 2020, among others, Donald Trump’s electoral fraud bulls, went to the Stock Exchange on Monday and fired more than 2,000 percent in two sessions. In its debut, the price per share was set at $10 and on Tuesday it reached a maximum of $265. But it has corrected at this Wednesday’s session, leaving each title at $49. The value—which already American media refer to as stock meme, that is, pure …
Cable Network Newsmax Soars Into Meme Stock Territory As Right-Wingers Scramble To Scam Their Peers - Above the Law
If you are not familiar with Newsmax, the gist is that it is a cable television network for people who think Fox News is too liberal. On Monday, Newsmax had its initial public offering. Because we live in hell, the share price soared by more than 1,500% in its first two days of trading. From its opening at $14 per share, by market close on Tuesday intrepid investors were shelling out $233 for a single share of Newsmax stock. This brought Newsmax…
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