Conservative news outlet Newsmax announced it has filed with the Securities and Exchange Commission (SEC) for an 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) to be held by the end of this year or early 202🐟5.

The media company said it seeks to raise $75 million in the IPO under 澳洲幸运5官方开奖结果体彩网:Regulation A+, which it said was "the largest offering of its kind to date on a national securities exchange." 

In addition, Newsmax noted that ahead of the planned IPO it has begun a private placement offering to accredited investors, with the hope of raising another $150 million. That offering would be for Series B 7% Convertible Preferred Stock and give the company the ability to generate up to $75 million above the 🐲initial $150 million.

Revenue Jumped♛ To $135𓆏.3M in 2023 From $41.8M in 2019

Newsmax noted in a private placement memorandum that between its TV and digital divisions, the company's revenue shot up to $135.3 million in 2023 from $41.8 million in 2019.

Newsmax explained that it expects to apply to be listed on the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE) under the ticker symbol "NMAX."