How to buy Trump Media and Technology Group (TMTG) stock from Australia

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.

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

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