Newsmax’s second-day performance was one of the strongest ever for a newly minted stock

Last Updated: April 2, 2025 at 7:28 p.m. ET

First Published: April 2, 2025 at 4:59 a.m. ET

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. That left the stock NMAX up 2,230% in its first two days of trade on the New York Stock Exchange.

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