Newsmax Shares Rally in NYSE Debut; Trading Halted on Volatility

MT Newswires Live

31 Mar

Newsmax Inc.-0.22%Post-market

Newsmax (NMAX) shares were surging Monday in their debut on the New York Stock Exchange after the company sold 7.5 million Class B shares at $10.00 per share.

The shares were up more than 500% at $66.67 in recent trading after opening at $14.00. Trading in the shares was halted at least seven times due to volatility.

Digital Offering acted as the lead selling agent for the offering.

Price: 66.67, Change: +56.67, Percent Change: +566.70

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