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 US$10 to as much as US$175, then dropping back to around US$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 next year.
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 US$293 million currently held in trust by Digital World Acquisition. The deal would also give TMTG a market valuation of US$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 US$287.5 million from the sale of 25 million stocks at a starting price of US$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 from Ireland when it goes public
To buy shares listed in the US, you’ll need a brokerage account with access to the US stock market. Check out the steps below:
- Compare share trading platforms. To buy shares in a US company you’ll need to find a trading platform that offers access to US stock markets. Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details. Fund your account with a bank transfer, PayPal or debit card.
- Search for Trump Media and Technology Group. Find the share by name or ticker symbol: TMTG. Research its history to confirm it’s a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Trump Media and Technology Group reaches your desired price.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs.
- Check in on your investment. Congratulations, you own a part of Trump Media and Technology Group.
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 capitalisation, 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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