Conservative media company Newsmax has officially filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) slated for late 2024 or early 2025. The company is aiming to raise $75 million under Regulation A+, marking what it describes as the “largest offering of its kind to date on a national securities exchange.”

Ahead of the IPO, Newsmax has also launched a private placement offering to accredited investors, targeting $150 million in capital through Series B 7% Convertible Preferred Stock. This move could enable the company to raise an additional $75 million beyond the initial $150 million.

Newsmax’s revenue surged to $135.3 million in 2023, a significant leap from $41.8 million in 2019, driven by its TV and digital operations. The company plans to apply for listing on the New York Stock Exchange (NYSE) under the ticker symbol “NMAX.”