Waton Financial (WTF) said Wednesday it raised about $20.1 million after closing its initial public offering and the exercise of overallotment option.

Waton shares dropped 63%, with more than 8.7 million shares traded intraday.

Newsmax (NMAX) was down 66%, with trading volume surpassing 6.0 million shares after midday, following meteoric gains since Monday's debut on the New York Stock Exchange.

NCino (NCNO) said late Tuesday it expects fiscal year 2026 non-GAAP EPS of $0.66 to $0.69 on revenue of $574.5 million to $578.5 million. Analysts surveyed by FactSet forecast EPS of $0.88 on revenue of $612.1 million.

Shares retreated 21% as intraday trading volume surged to over 15.3 million from a daily average of roughly 1.22 million.

Price: 7.24, Change: -12.61, Percent Change: -63.53