Newsmax has announced plans to take the company’s stock public. The company will look to complete the process and implement its initial public offering by the end of this year or in early 2025.
Before that potential IPO, however, Newsmax is offering a private investor offering for eligible investors in an effort to raise a maximum of $225 million before going public. Investors who meet the company’s qualifications can buy into the company for as low as $5,000, according to a statement from the conservative outlet.
“While achieving significant success, Newsmax has stayed true to our mission of providing Americans with honest and real news,” CEO Chris Ruddy said. “Now more than ever, especially in this election year of 2024, America needs Newsmax and you can join with us as an investor.”
The company will investigate its options with both the New York Stock Exchange and Nasdaq before deciding on who to host its IPO with. It currently reaches more than 40 million Americans regularly between its bevy of media entities.
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