Cable news channel Newsmax set for NYSE debut after $75 mln mini-IPO
ReutersMar 31, 2025 9:10 AM
Conservative cable news channel Newsmax NMAX.N to debut on New York Stock Exchange under ticker symbol "NMAX"
Florida-based NMAX sold 7.5 mln shares at $10 to raise $75 mln in its IPO under Regulation A+, or "mini-IPO", which is a scaled-down version of the traditional IPO
NMAX has ~128.4 mln outstanding shares for $1.28 billion market cap, per SEC filing
In February, co raised $225 mln in private placement
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