Newsmax Inc. is pleased to announce that it has confidentially filed with the Securities and Exchange Commission an offering statement and expects to conduct an initial public offering later this year or in early 2025.
The company seeks to raise up to $75 million in its public offering under Regulation A+, the largest offering of its kind to date on a national securities exchange. The company expects to apply to be listed on the NYSE under the ticker symbol “NMAX.”
The company’s subsidiary, Newsmax Media Inc., operates the nation’s fourth highest-rated cable news channel. In July, Nielsen reported that Newsmax was the seventh highest-rated cable channel overall among daytime viewers.
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