Shares of Trump-friendly Newsmax leap 2,200% after Wall Street debut

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Christopher Rudy, human rights activist Mogul and the long-standing friends of Donald Trump have become multibillionaire when Newsmax continued to grow after the debut of his public listing on Monday.

On Tuesday, the shares in Ruddi Newsmax closed by 179%. It took the interests of the stock because their NYSE begins with more than 2,200 percent, the “meme stock manucation” response that caught US shares markets in 2021.

On Tuesday, the conservative TV company, which was founded in 1998, market capitalization.

Rudy, a former postman of New York, attended by Trump Mar-Lago Golf Resort, owns shares of 39.2 million shares, earning its shares for $ 9.1 billion. The company has collected $ 75 million for its regulation, a + proposal that comes with less regulatory load than traditional Preliminary Public Offer – How to $ 225 million in a private preferred offer in February closed in February?

Newsmax stimulates its public list to its viewers, posting Churies, urging them to “be the owner of Newsmax.” In editorial In July last year, it was published, said Rudy readers.

Rudy wrote:

Newsmax Listing has provided winds of investors, including billionaire Republican Donor Thomas PermofiaWho loves Rudid lives in Florida Beach near Mar-A-Lago?

The incredible enthusiasm for the company, which makes most of its money from cable television, has been concerned about the long run by Petfi.

He said that the Financial Times was “astonished”, the price of the growing share of Newsmax. “I think Newsmax is a great company and is going to have a very bright future, but I think it doesn’t guarantee this high price,” said Perfia. The company listed its shares at $ 10.

Peterffy has more than 23 billion Newsmax Class B shares. “I saw that there would be another need next to Fox News. Additional demand will be additional, some other conservative channel, “said Perfia.

Other Investors Standing to Make Large Windfalls Include Sheikh Sultan Bin Jassim Al-Thani, A Qatari Royal Family, Who Was An Adviser to the Gas-Rich Emirate’s Deputy Prime Minister. According to the securities, he has about 20 million shares, which are about $ 4.7 billion in accordance with the submission of securities.

Newsmax, like Fox News, has sued the voting technology companies, dominance and smart, for their supposed involvement in the 2020 elections. However, Domino’s trial is set to start the jury’s trial at the end of this year. Newsmax denies any crime.

In March, the company added former Trump Labor Secretary Alex Akosta with his board of directors. Acosta resigned in 2019, after Miami Herald revealed that he had a deal with a deluded disgraceful financier Jeffrey as an American lawyer in Florida.

Some fence has been made against NewsMAX, paying a high interest rate to predict its shares its shares will fall quickly. One fence fund said that the shares would decrease in the coming days, as retail investors who participated in the listing will try to lock a large profit.

To the question whether he sells his shares in six months, Petripfian said he was not sure. “It never decided to make investments until the time comes.”

The strong debut of Newsmax comes so much larger groups that endure disappointing, beginning as public companies in recent weeks, weighed wider concerns to slow US economic growth.

The $ 20 billion worth of $ 20 billion in Fox Corp is $ 24 billion in market capitalization. Although Fox has made a $ 1,424 income for NEWSMAX.

Rudy did not respond immediately to commentary requests.

This story has changed to clarify that Sheikh Sultan is not a Deputy Prime Minister of Qatar, but an adviser to the Deputy Prime Minister of Emirate.