Conservative cable news channel Newsmax wants to IPO. Here’s why

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The conservative cable news channel Newsmax is planning to go public, and is also seeking to raise as much as $225 million in a private placement, in a push to expand its presence in both cable TV and in streaming.

The company posted an investor presentation to its website Tuesday outlining the planned private placement, as well as revealing that it planned to raise another $75 million when going public on the new York Stock Exchange or Nasdaq. The company says it has already reserved the ticker NMAX.

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