Trump Media's IPO Surges, Marking Historic Public Debut

Trump Media & Technology Group's public offering sends stock soaring, drawing diverse investor interest despite skepticism.

Trump Media & Technology Group, parent company of Truth Social, went public under ticker DJT, reaching a market valuation of nearly $8 billion.
The IPO marks Trump's first public company in nearly 30 years, significantly boosting his net worth and ranking him on the Bloomberg Billionaires Index.
Despite high valuation and initial success, analysts warn of potential underperformance, likening DJT to other meme stocks with volatile futures.
Truth Social struggles to attract users and generate revenue, raising doubts about its long-term viability despite the stock's initial surge.
Investor interest spans beyond Trump supporters, including speculative traders and those seeking quick profits, fueling the stock's volatility.