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After 104 Years of Existence, “Forbes” Goes Public

The prestigious business magazine Forbes, which has existed for more than a century, or specifically 104 years, and has 45 licensed publications in 76 countries around the world will go public.

Forbes itself announces today that Forbes Global Media Holdings and Magnum Opus Acquisition Limited, SPAC (Special Purpose Acquisition Company) will put Forbes shares up for an initial public offering of $ 600 million by the end of the year.

The funds will be used for digital transformation, maintaining the high quality and revenue of the company.

It is estimated that the shareholders of Forbes, after the closing of the offer, will become the owners of approximately 22 percent of the company.

Forbes is one of the 50 most visited pages on the Internet.