In a recent discussion, a listener named Cara Lee brought up an interesting point about Newsmax offering private shares before going public, something she heard on Newsmax. Shanna explained that it is common for companies to raise capital through private offerings before an IPO to help them grow or launch their business on a new level. Specifically, Newsmax has announced plans for an IPO in the latter half of 2024 or possibly 2025 and is currently offering a 7% convertible preferred stock for accredited investors only, with investment increments starting at $5,000.