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Fortune

Chris Morris

As Trump stock tumbles, conservative news outlet Newsmax plans an IPO

(Credit: Tom Brenner—The Washington Post/Getty Images)

Ten years after its launch on cable networks, the conservative news channel Newsmax has its eye on the stock market.

Newsmax has confidentially filed for an initial public offering with the Securities and Exchange Commission, the company announced this week. It’s hoping to raise $75 million and is planning on trading on the New York Stock Exchange under the symbol NMAX.

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