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“Sound of Freedom” distributor Angel Studios made its stock market debut Thursday as the company looks to expand its streaming service and eventually penetrate international markets.
The Provo, Utah-based firm is trading on the New York Stock Exchange under the ticker symbol ANGX. Shares of the company rose 8% to $13.
Angel Studios’ launch on the public market is the latest step in the company’s unconventional journey into the entertainment business.
Founded by brothers Neal, Daniel, Jeffrey and Jordan Harmon, the company began as VidAngel, a service that allowed viewers to sanitize Hollywood movies by erasing sex, violence and swear words. But in 2016, VidAngel was sued for cop