4.9 • 1.6K Ratings
🗓️ 18 April 2025
⏱️ 46 minutes
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0:00.0 | The Rich Zioly Show podcast is sponsored by Mike Vaneria Jr. with Osparity Private Wealth. |
0:05.4 | Hi, I'm Mike Vaneria Jr., wealth management specialists. Make your retirement dreams a reality by creating your retirement plan today. Call me at 856-252-0107. |
0:15.9 | It's a very busy Thursday today, but I want to welcome to the show, the CEO of Newsmax, the one and only |
0:22.0 | Chris Ruddy. |
0:23.9 | Hey, Chris, welcome back to the show, my friend. |
0:26.0 | How are you? |
0:26.9 | Well, Rich, always glad to be on with you and the good people of Philadelphia. |
0:32.5 | Yeah. |
0:33.1 | Hey, congratulations on the IPO, the stock. |
0:36.2 | I mean, that was really a great day for you guys, ringing the bell. And Emma was there ringing the stock. I mean, that was really a great day for you guys, |
0:38.4 | ringing the bell. And Emma was there ringing the bell. I mean, congrats. It's a big deal. |
0:43.2 | Well, it's still a big deal. We just went public on the New York Stock Exchange, March 31st. |
0:49.1 | As you know, we talked about this before we went public. We were out raising money to become a public company. We went out |
0:55.9 | to our readership, to people to watch newsmax, to radio listeners around the country. People |
1:01.4 | thought it was a bit of a joke, probably, that we were doing this, but we actually raised |
1:06.2 | $300 million before we went public, which is huge with the IPO and the preferred offering. |
1:14.1 | And then we had just so much interest, the stock really skyrocketed on the IPO. |
1:18.3 | It's come back to Earth. |
1:20.1 | It's still a big gain. |
1:21.9 | You know, the market has fallen significantly, big correction since we went public. |
1:26.8 | And our stock is up 100 to 200% in that period. |
1:32.7 | So it's been an amazing thing for us. |
... |
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