Newsmax Debuts on NYSE as "NMAX"

Newsmax Inc. has announced that its Class B Common Stock begins trading on the New York Stock Exchange under the ticker symbol "NMAX". The company's initial public offering raised $75 million under Regulation A+, in addition to $225 million from a private Preferred Offering that concluded in February. Digital Offering LLC acted as the lead agent for the Public Offering.

Founded in 1998 by journalist Christopher Ruddy, Newsmax Inc. owns Newsmax Media, Inc., which operates Newsmax Broadcasting LLC. As a multimedia firm, it reaches over 40 million Americans through various platforms, including the Newsmax channel, its streaming services, and publications. The channel ranks as the fourth highest-rated cable news outlet in the U.S., according to Nielsen.

Headquartered in Boca Raton, Florida, with offices in Washington, D.C., and New York City, Newsmax remains privately held, led by CEO Christopher Ruddy.