ipo

Trump-loving network Newsmax is a hot stock on Wall Street

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Conservative cable news channel Newsmax is getting a Trump bump on Wall Street. The Boca Raton, Fla., outlet‘s stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon, giving the company a market valuation of over $20 billion. Newsmax itself tracked the stock’s movement onscreen … Read more

Ticket platform StubHub files for IPO

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Ticket selling platform StubHub Holdings Inc. filed for an initial public offering disclosing revenue growth and a small annual loss for 2024. StubHub had a loss of $2.8 million on revenue of $1.77 billion last year, compared with net income of $405 million on revenue of $1.37 billion in 2023, according to its filing Friday … Read more