Newsmax IPO draws comparisons to GameStop meme stock mania
Digest more
Top News
Highlights
Impacts
Bloomberg |
Conservative media outlet Newsmax Inc. is having a meme-stock moment, with shares surging 1,160% since its debut as a public company on Monday.
U.S. News & World Report |
Shares of conservative news outlet Newsmax jumped over 18% before the bell on Tuesday, extending the stock's gains a day after its stunning debut on the New York Stock Exchange.
BBC |
Analysts said retail investors drove gains, drawing comparisons to the soaring price of GameStop.
Read more on News Digest
(Reuters) -Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40. At close, the company added more than $7 billion to its market value.
Retaggio Industries IPO comprises an entirely fresh issue of 6.19 million equity shares, available at ₹25 per share, with a lot size of 6,000 shares
Swedish fintech brought ‘pay in four’ to everything from food to fashion but sceptics point to model’s vulnerabilities
Bulwark+ Takes brings you bite-sized takes on the news of the day from the entire Bulwark team. This is the home to ad-free video shorts, Bulwark+ member-only livestreams, and live event archives. The news cycle doesn’t slow down, and neither do we.
Explore more
As previously rumored, Discord, a popular communications platform, is working with Goldman Sachs and JP Morgan Chase to plan an IPO as soon as this year, according to a recent report by Bloomberg. The report cites people familiar with the matter and notes that more advisors may come on board as the talks progress.
CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.
UltraGreen.ai, a provider of fluorescence technology used in medical and surgical imaging, is considering an initial public offering to raise as much as S$400 million ($298 million), people familiar with the matter said.