Newsmax prepares for public listing with $225 million private stock offering By Investing.com

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Investing.com – Newsmax Inc. has unveiled plans to become a publicly-listed company on either the Nasdaq or the NYSE later in 2024 or early 2025. As a stepping stone towards this significant milestone, the company is launching a private placement offering aimed at raising up to $225 million.

This private stock offering comes as part of the company’s strategic preparation for its anticipated public listing in the near future.

Newsmax has been showcasing impressive growth and performance, ascending to the top echelon of cable channels, now ranking as the 4th highest-rated cable news channel in the United States, trailing just behind CNN.

The company boasts a substantial audience, reaching over 40 million Americans monthly via its television broadcasts and multi-platform content.

Newsmax’s revenues have also surged by 332% since 2019.

Newsmax CEO Christopher Ruddy expressed his confidence in the company’s plans, stating, “While achieving significant success, Newsmax has stayed true to our mission of providing Americans with honest and real news.”



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