Newsmax Inc. gearing up for public listing with $225 million private stock offering

From Investing.com: 2024-06-11 16:20:05

Newsmax Inc. is gearing up to go public in late 2024 or early 2025, with a private placement offering aiming to raise $225 million as part of its strategic preparation. The company has rapidly climbed the cable news ranks, now sitting as the 4th highest-rated channel in the US, with over 40 million monthly viewers.

CEO Christopher Ruddy is confident in Newsmax’s future, citing a remarkable 332% revenue surge since 2019. The company has stayed true to its mission of delivering honest news, garnering a significant audience and solidifying its position as a key player in the media landscape.



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