Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

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

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

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 Singapore 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs.
  6. 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.

Compare online brokers

1 - 8 of 8
Name Product Brokerage Fee Market Access
Interactive Brokers
SGX stocks: $2.50 per order
US stocks: $0.35 per order
SG, US, CA, AU, UK, IN, JP, HK, MX, FR & 17+ more
CFD service. Capital at risk. Take advantage of low trading fees, multiple platform support, and an extensive list of asset classes across global markets, including stocks, options, futures, forex, bonds, and funds.
Syfe Trade
SGX stocks: N/A
US stocks: 2 free trades per month and $1.49 per trade thereafter
US
Get $60 when you sign up on Syfe Trade (minimum deposit of $2,000 and make one trade). Promo code: 'TRADENEW'.T&Cs apply.
Webull
SGX stocks: N/A
US stocks: $0
US, HK
$10 Grab vouchers for new accounts & referrals from now till 30 Sept. Other welcome rewards: US$130 TSLA fractional shares (initial funds of $2,000). 0 commission trades & complimentary market data. Refer your friends to enjoy more incentives. T&Cs apply.
Saxo Markets
SGX stocks: $5
US stocks: $4
SG, US, CA, UK, AU, HK, CN, SG, JP, IT & 16+ more
CFD service. Capital at risk. Trade 22,000+ international stocks on global exchanges with brokerage fees as low as $5. Low-risk account is also available for beginners.
Tiger Brokers
SGX stocks: $1.99 per order
US stocks: $1.99 per order
SG, US, HK, CN, AU
Sign up and enjoy unlimited zero commission trades for US stocks for 180 days. T&Cs apply.
moomoo
SGX stocks: $0.99 per order
US stocks: $0.99 per order
SG, HK, US, CN
Access Singapore, Hong Kong, US stocks and ETFs with one account. Enjoy free level 2 market data and lifetime commission-free trading on US stocks.
Maybank Kim Eng
SGX stocks: $25
US stocks: $20
SG, HK, MY, TH, US, UK
CFD service. Capital at risk.
UOB KayHian
SGX stocks: $25
US stocks: $20
SG, MY, HK, US, CA, UK, AU, EU, JP, PH & 6+ more
CFD service. Capital at risk.
loading

Compare up to 4 providers

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More guides on Finder

Ask Finder

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site