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How to buy N/A (N/A) shares in South Africa

Learn how to easily invest in N/A shares.

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Fact checked

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 South Africa 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.

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Name Product Number of Stocks CFDs Shares Markets
AvaTrade
AvaTrade
Access to global markets
Yes
No
Worldwide with exception.
CFD Service. Your capital is at risk.
Trade over 1,200 instruments online with Avatrade, including stocks, cryptocurrencies, forex, commodities and indices. The minimum deposit with Avatrade is US$100.
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Plus500
Plus500
2,000+
Yes
No
Worldwide with exception.
CFD Service. Your capital is at risk.
Trade over 2,500 financial instruments with one of the largest CFD providers in the world.
Go to site
More Info
Zacks Trade
Zacks Trade
Access to global markets
No
Yes
US, CA, MX, AT, BG, FR, DE, IT, NL, ES, NO, SE, SW, UK, HK, JP, SG, RU, AU
Trade stocks, bonds, ETFs, options, and more on 90+ international exchanges. Offers customizable trading platforms with over 120 technical indicators for your charting needs.
Go to site
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Eightcap
Eightcap
Access to global markets
Yes
No
UK, DE, AU
CFD Service. Your capital is at risk.
Trade a wide variety of instruments on the award-winning MT4/5 platforms with this Australia-based CFD and forex broker.
Go to site
More Info
Firstrade
Firstrade
Access to US stocks
No
Yes
US
CFD Service. Your capital is at risk.
Enjoy $0 commission trading for stocks, options, funds, and more with this internationally-acclaimed discount broker.
Go to site
More Info
CM Trading
CM Trading
N/A
Yes
No
US, FR, DE, UK, AU, ZA, CH. HK, JP, ES, NL, IT
CFD Service. Your capital is at risk.
Licensed international brokerage and CFD provider that offers advanced trading solutions designed for both new and experienced traders alike.
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Exness
Exness
N/A
Yes
No
CH, VN, TH, PH, SG, ID, IN, UAE, ZA, SA, EG, BR, CR, MX
CFD Service. Your capital is at risk.
Enjoy fast trade executions at competitive fees with this award-winning retail forex broker.
More Info
Interactive Brokers
Interactive Brokers
Access to global markets
No
Yes
US, MX, RU, ES, UK, DE, IL, HK, SG, IN, KR, AU, CH, HU, CA
CFD Service. Your capital is 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.
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