Newsmax Inc. today announced the successful completion of its initial public offering under Regulation A+, raising the maximum allowed of $75 million through the sale of 7.5 million shares of Class B Common Stock at a public offering price of $10 per share.
Newsmax's Class B Common Stock is expected to commence trading on the New York Stock Exchange under the ticker symbol NMAX on Monday, March 31, 2025.
Newsmax previously completed a private Preferred Offering in February 2025, raising $225 million.
"Today marks a historic milestone for Newsmax as we transition to a publicly traded company," Christopher Ruddy, CEO of Newsmax Inc., said.
"This incredibly successful offering, combined with our previous Preferred Offering, provides us with the capital and financial freedom to accelerate our growth initiatives, expand our programming and further enhance our digital presence. We are deeply grateful to the investors in Newsmax and are excited for the journey ahead," Ruddy said.
Digital Offering LLC acted as the lead selling agent for the Public Offering.
Founded in 1998 as a digital media brand, Newsmax entered the cable news market in 2014.
Since then, the network has had an astonishing rise, climbing into the top tier of cable channels, and is now the fourth highest-rated cable news channel in the U.S., just behind CNN.
Last year, the Reuters Institute identified Newsmax as one of the top 12 news brands in the U.S.
Newsmax's media properties reach more than 40 million Americans regularly through the Newsmax channel, its free streaming channel Newsmax2, the Newsmax app and its streaming service Newsmax+, its website Newsmax.com, and publications like Newsmax Magazine.
Forbes has called Newsmax "a news powerhouse," and the New York Times has said it is a "potent force" in U.S. news.
Through its media outlets, Newsmax champions a free press — one that provides Americans with balanced coverage, diverse viewpoints and open debates on the issues affecting their lives.
Newsmax Inc., based in Boca Raton, Florida, with offices in Washington, D.C., and New York City, is headed by its CEO Christopher Ruddy.
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