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

Trump Media stock will be available following a merger with Digital World Acquisition Corp (DWAC).

Social media company, Trump Media and Technology Group (TMTG) — owned by former President Donald Trump — plans to go public via a merger with special purpose acquisition company, Digital World Acquisition Corporation (DWAC).

DWAC shares are available for purchase now but the merger with Trump’s social media company won’t take place until sometime in 2022. This means if you’re keen to pick up some Trump Media stock, you’ll need to wait for the deal to go through before your DWAC shares effectively become TMTG shares.

Here’s what we know about the deal so far and how to buy Trump Media stock once it goes public.

Latest updates

Monday, April 25: Shares of Digital World Acquisition slumped 17% on news Elon Musk may be close to acquiring Twitter. Speculation is that he would ease restrictions that have led some users to seek out alternate sites, like the one being started by former President Trump.

Monday, April 4: Shares of Digital World Acquisition (DWAC) fell by roughly 13% this morning, on news two executives had left and separate word that Tesla founder Elon Musk had bought a 9.2% stake in Twitter. Like former President Trump, Musk has been a critic of rival Twitter.

Thursday, Jan. 6: Shares of Digital World Acquisition (DWAC), the SPAC that will bring Trump Media and Technology Group public, shot up 20% on news that an app connected to the venture plans to launch Feb. 21. The app, Truth Social, noted in the Apple app store that launch is expected on that date.

Tuesday, Dec. 7: Longtime GOP Rep. David Nunes will leave Congress to become CEO of Trump Media and Technology Group, the company announced.

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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.

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 the $60 range.

Truth Social finally launched over Presidents' Day weekend, albeit with limited availability. On the day of its launch, Truth Social was the top free app on Apple’s App Store in the US. The app's launch sent shares of DWAC higher on Tuesday, February 22, but the stock has since given up these gains. There's been no new word on when the merger will wrap up, so stay tuned.

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

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

How to buy Trump Media and Technology Group stock when it starts trading

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.
Shares of the SPAC involved in the deal, DWAC, can already be bought and sold through your trading account.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Trump Media and Technology Group stock.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

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