Newsmax Inc. ("Newsmax" or the "Company") today announced the successful completion of its initial public offering under Regulation A+, raising the maximum allowed of $75 million through the sale of 7.

A little-known investment bank called Digital Offering was behind Newsmax's public stock offering. An exec explains how the firm won the deal.

Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.

Newsmax debuted on the New York Stock Exchange on Monday and surged over 700% during its first day of trading, leading to a dozen trading halts following its initial public offering, as its market cap surged to more than $7.

Newsmax (NMAX) announced that its Class B common stock has begun trading this morning on the New York Stock Exchange under the symbol “NMAX”.

Newsmax made a wild debut in the stock market. Shares of the media company surged 735% to $83.51 a share. Trading was halted multiple times during the session due to volatility. Newsmax, trading under the symbol NMAX,

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.