- Newsmax (NMAX) IPO shares sold last week for $10 a share with a $1.2 billion market cap.
- Newsmax raised $75 million for IPO.
- Newsmax Class B common shares opened trading at 10:51 a.m. ET on the NYSE.
- Within minutes shares quickly priced at over $14 a share.
- By 12 Noon ET shares were trading close to $70.
- Stock trading was halted several times throughout the day as buyers overwhelmed the exchange.
- At the 4 p.m. ET market close shares sold at $83.51 giving the company a market cap over $10 billion.
- More than 6.1 million shares of Newsmax traded on Monday.
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