Newsmax Launches $75M IPO, Aims for NYSE Listing on March 31

Newsmax Inc. has launched an initial public offering (IPO) under Regulation A+, aiming to raise up to $75 million. The company, which operates a television and digital media platform, plans to list on the New York Stock Exchange (NYSE) on March 31, 2025. The IPO comes after a private Preferred Offering in February raised $225 million. Any individual over 18 years of age can purchase shares, with a minimum investment of $500 or 50 shares.

In a significant move, Newsmax Inc., the operator of the fourth highest-rated cable news channel in the United States, has confidentially filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) under Regulation A+ [1]. The company aims to raise up to $75 million through this public offering and expects to list on the New York Stock Exchange (NYSE) under the ticker symbol "NMAX" on March 31, 2025 [1].

Newsmax Media Inc., the subsidiary of Newsmax Inc., operates the nation's seventh highest-rated cable channel overall among daytime viewers, according to a July 2024 Nielsen report [1]. With a reach of over 40 million Americans through its television, streaming, online, and print platforms [1], Newsmax has solidified its position as a leading news provider in the country. A June 2024 Reuters global media survey ranked Newsmax as one of the top 12 news brands in the U.S. [1].

The success of Newsmax's mission to provide Americans with honest and real news is evident in its loyal and growing following. Prior to the anticipated IPO, Newsmax has launched a private placement offering, seeking to raise $150 million [1]. This private offering, available solely to accredited investors, has already raised $225 million and provides an opportunity for investors to join Newsmax as shareholders and owners [1].

Regulation A+, enacted in 2015, allows companies to raise up to $50 million from the public through a simplified IPO process [2]. Newsmax's IPO under Regulation A+ marks the largest offering of its kind on a national securities exchange to date [1].

Individuals interested in learning more about the Newsmax investment opportunity and registering an indication of interest can go to the company's website [1].

References:
[1] Business Wire. (2024, September 5). Newsmax Inc. Announces Confidential Filing for Initial Public Offering. https://www.businesswire.com/news/home/20240905971134/en/
[2] Securities and Exchange Commission. (2021, December 14). Regulation A+: Smaller Offerings. https://www.sec.gov/reportspubs/investor-publications/investorpubs-regulation-a-smaller-offerings-html.