Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.

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.

Conservative news outlet Newsmax (NMAX) debuted on the NYSE yesterday in a wild IPO that saw trading on the stock halted several times due to volatility. Opening at $10 per share, NMAX stock closed out its first day as a public company at $83.51 per share, a 735% gain.

Artificial intelligence startup CoreWeave's shares were up 17% at $43.50 on their third day of trading on Tuesday, above their initial public offering price of $40. On Friday, the Nvidia-backed stock debuted for trading at $39,

CoreWeave shares rallied more than 10% on Tuesday and looked to bounce back from a lackluster second trading day on the public markets.

Investment bankers had been hopeful 2025 would turn things around for new listings. That’s looking less likely.