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NewsMax, Inc. (NMAX)

BaluBalu
in Other Investing
It IPOed today and rose 735% from its IPO price.

If anyone has looked into its S-4, please share the tidbits.

Comments

  • yogibearbullyogibearbull
    Recent Edgar/SEC filings by Newsmax/NMAX.
    https://www.sec.gov/edgar/browse/?CIK=2026478&owner=exclude
  • BaluBalu
    edited April 1
    up 2,230% since yesterday's IPO.

    Last update from me.
  • davidrmorandavidrmoran
    omg
  • yogibearbullyogibearbull
    Newsmax/NMAX was a mini-IPO (Reg A+, Tier 2).

    It seems that the underwriters mispriced it (on hindsight) and may have left a lot of money at the table (or not*).

    There are 89+ million shares and only 7.5 million were offered at $10 IPO price (only a few selected got that price before the trading began).

    Company and underwriters will be more careful in the future.

    *2024 revenues were only $171 million, losses -$72 million.
  • WABACWABAC
    In this case MSM stands for meme stock madness.
  • a2z

    may be of use to shorts. bad fundamentals, and seems we are at least descending from a periodic peak of rightwing sentiment.

    elsewhere :
    '...unprofitable and their net margins are getting worse -20% in FY2022, -32% in FY2023, and -69% in the the first half of 2024...'
  • JD_co
    NMAX ends the session down -77%, plus another -9% after hours.

    Newsmax, Inc. (NMAX)
    $52.52 -180.48 (-77.46%)
    At close: 4:00:19 PM EDT


    After hours:
    $47.89 -4.63 (-8.82%)

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