Newsmax Inc. shares skyrocketed as much as 683% in their debut session, as individual investors piled into the conservative media outlet after its initial public offering.

The stock price pulled back to $72.24 apiece at 1:29 p.m. in New York, after popping as high as $78.27 each, in a first session as a public company that saw shares repeatedly halted for volatility. Newsmax raised $75 million in the offering, selling 7.5 million shares for $10 apiece.