Newsmax Stock: A Cautionary Tale for IPO Investors?
Initial public offerings (IPOs) can get a lot of attention from the press and investors. This is the first time the public can buy shares in a company, and the share price can move up or down quickly.Newsmax (NYSE: NMAX) completed its IPO at the end of March. In the company's short life as a public company, the share price has been on a wild ride.It's good to take a look at the events and glean lessons. Perhaps it can even serve as a cautionary tale for the next flashy IPO that captures people's attention.Continue reading
Initial public offerings (IPOs) can get a lot of attention from the press and investors. This is the first time the public can buy shares in a company, and the share price can move up or down quickly.
Newsmax (NYSE: NMAX) completed its IPO at the end of March. In the company's short life as a public company, the share price has been on a wild ride.
It's good to take a look at the events and glean lessons. Perhaps it can even serve as a cautionary tale for the next flashy IPO that captures people's attention.
