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Stock impact report

AI Drone Software Stock Jumps 700% in Best IPO Since Newsmax [Yahoo! Finance]

Newsmax, Inc. Class B (NMAX) 
Company Research Source: Yahoo! Finance
for the best trading debut by a US stock since Newsmax Inc.'s blockbuster entry nearly a year ago. Shares of the Austin, Texas-based firm opened at $12.50, 150% above their initial public offering price, and climbed as high as $40 as of 3:17 p.m. in New York. The surge triggered multiple volatility-based trading halts, including one less than a minute after the stock opened and initially dropped more than 10%. Most Read from Bloomberg Trump Signs Order to Launch Vance-Led Anti-Fraud Task Force Finland's Stubb Cautions NATO Allies to Heed Trump's Hormuz Call Two LPG Ships Sail Through Hormuz to Shortage-Hit India Slashing Tax Bills for Rich Investors Is a $1 Trillion Business Hormuz Escape Route Suggests Ships Navigate on Iran's Terms Swarmer sold 3 million shares for $5 each, which at the time valued the company at just over $60 million. At its peak on Tuesday, the stock was worth nearly $500 million, according to data compiled by Bloomberg. The company generated jus Show less Read more
Impact Snapshot
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