IPO Mania: What’s Going on With Newsmax Shares?
From Nasdaq: 2025-04-01 16:34:00
IPO activity has been volatile post-pandemic due to economic uncertainty, rising interest rates, and inflation. However, the market has shown positive signs in 2024, with companies like Newsmax (NMAX) and CoreWeave (CRWV) making headlines with their recent IPOs. Newsmax is a multimedia company offering independent news with a conservative perspective, while CoreWeave provides cloud solutions for accelerated computing, backed by NVIDIA (NVDA).
Newsmax shares have surged since their debut, reaching highs of $240/share, while CoreWeave’s IPO performance has been more mixed. Concerns about customer concentration and the company’s deal to deliver AI infrastructure to OpenAI have been discussed. Both companies are part of the recent IPO news dominating headlines.
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