Donald Trump-Aligned Cable TV Network Newsmax Skyrockets In IPO; Shares Up More Than 700%

Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading. The IPO was priced at $10 a share last Friday, with the offering netting $75 million after 7.5 million Class B shares went on sale. In February, Newsmax said […]