The next Trump trade? Newsmax soars 722% in its stock-market debut. [Yahoo! Finance]
Fox Corporation - Class B (FOX)
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Source: Yahoo! Finance
Newsmax's valuation is now double that of Trump Media and a third of Fox Corp. Newsmax saw wild trading in its first day as a public company. The conservative media company went public on Monday in a mini-IPO, selling 7.5 million shares at a price of $10 each, raising $75 million. Investors have piled into the stock. Shares opened for trading at $14 and hit an intraday high of $82.25, representing a gain of 722% from its IPO price. Monday's trading frenzy for Newsmax stock catapulted its valuation to about $8 billion, about double that of Trump Media & Technology Company , and about a third of Fox Corp's valuation, which owns Fox News Media. It's been boom times for conservative news outlets following Trump's election victory in November. The president is a regular guest on right-leaning channels including Newsmax, which has helped boost ratings for broadcasters. While the network lags behind right-wing news giant Fox, its popularity has risen steadily since the 2024 elec
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