Newsmax announced this month that it’s planning for an initial public offering later this year or in 2025—a big leap for a media outlet that began more than 25 years ago as a website delivering news on the internet.
Christopher Ruddy, Newsmax’s founder and CEO, spoke with The Daily Signal about his plans for the company and explained how eligible investors are able to take advantage of a private placement offering before the company goes public on the stock market.
“Thousands of people would tell us they wanted to buy shares in Newsmax through the years,” Ruddy said. “And we thought, wouldn’t it be great to have tens of thousands, hundreds of thousands, of co-owners [and] partners with Newsmax that are fighting for us [and] have a stake in our success? And so that was the biggest reason.”
Now more than ever, especially in this election year of 2024,…
