The conservative TV network Newsmax has seen its stock skyrocket since it went public on Monday. The investment bank that handled the public offering is a little-known firm called Digital Offering.

Newsmax Inc. (”Newsmax” or the “Company”) announced that its Class B Common Stock will begin trading this morning on the New York Stock Exchange under the symbol “NMAX”.

Shares of conservative media outlet Newsmax (NYSE: NMAX) traded with extreme volatility today. Shares fell as much as 24% this morning before doing a complete 180. As of 1:50 p.m. ET, the stock ...