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How to buy Trump Media and Technology Group (TMTG) stock when it goes public

Here's everything we know so far about the Trump Media and Technology Group IPO.

Trump Media and Technology Group, owned by former President Donald Trump, will be going public after merging with Digital World Acquisition Corp., a special purpose acquisitions company (SPAC).

The stock of the existing SPAC, DWAC, has been on a wild ride since the announcement, spiking from about $10 to as much as $175, then dropping back to around $60 today. Quickly classed as a "meme stock" by market watchers, it promises to be volatile at least for a while as details of the company and its plans surface.

Shares of the SPAC can be bought and sold now like any stock. The SPAC deal likely won't be complete until sometime in 2022.

Here's what we know about the deal so far and how to buy Trump Media and Technology Group stock when the company goes public.

What we know about the Trump Media and Technology Group IPO

On Wednesday October 20, 2021, former President Donald Trump announced that Trump Media and Technology Group (TMTG) will be going public by merging with Digital World Acquisition Corp., a special purpose acquisition company (SPAC). The date of the merger, stock symbol and proposed stock price have not yet been announced.

TMTG is looking at receiving $293 million currently held in trust by Digital World Acquisition. The deal would also give TMTG a market valuation of $1.7 billion.

Trump plans to use TMTG to launch a subscription video-on-demand service and a social media platform called "TRUTH Social." According to the Apple App Store description, TRUTH Social is designed to encourage "an open, free, and honest global conversation without discriminating against political ideology."

Digital World Acquisition Corp. went public on September 7, 2021 on the Nasdaq Global Market under the ticker symbol "DWAC." The IPO grossed $287.5 million from the sale of 25 million stocks at a starting price of $10.00 each. Following the merger announcement, Digital World Acquisition stock jumped by 357%.

We'll update this page as more information becomes available.

Note: all dollar amounts on this page are in US dollars.

How to buy shares in Trump Media and Technology Group when it goes public

Once Trump Media and Technology Group goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – TMTG – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Trump Media and Technology Group can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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