The next Trump trade? Newsmax soars 722% in its stock-market debut.
A Newsmax booth broadcasts as attendees try out the guns on display at the National Rifle Association (NRA) annual convention in Houston, Texas, on May 29, 2022.REUTERS/Callaghan O'Hare Newsmax went public on Monday, raising $75 million from 7.5 million shares. The stock surged 722% in its debut, valuing Newsmax at about $8 billion. 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...