CNN —
Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.
This week’s IPO has been a monumental success for the pro-Trump talk and news channel, which has long been an also-ran in a sector dominated by Fox News.
Newsmax CEO Chris Ruddy, who is now a billionaire on paper thanks to the stock’s explosive performance, told CNN, “Last election Americans voted against the media establishment
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