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.

Our top pick for

US stocks

eToro

Finder Award

Our top pick for

Best for beginner

Saxo Invested

Our top pick for

Dividend investing

CMC Invest

Finder Award

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

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.

• Netflix (NFLX.US)

  Company summary

  Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. It has operations in approximately 190 countries. The company was incorporated in 1997 and is headquartered in Los Gatos, California.

  Historical performance

  Stock information

  • Market capitalization: $261125996544
  • P/E ratio: 42.025
  • PEG ratio: 1.7203
  • Dividend yield: N/A%

  Get more detailed information and learn how to buy NFLX.US stock

• Twitter (TWTR.US)

  Company summary

  Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets. Its promoted products consist of promoted ads and Twitter Amplify, Follower Ads, and Twitter takeover. In addition, the company offers monetization products for creators, including Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. Further, it offers products for developers and data partners comprising Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California. As of October 27, 2022, Twitter, Inc. was taken private.

  Historical performance

  Stock information

  • Market capitalization: $41093709824
  • P/E ratio: 214.8
  • PEG ratio: 3.64
  • Dividend yield: 0%

  Get more detailed information and learn how to buy TWTR.US stock

• Meta Platforms (FB.US)

  Company summary

  Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.

  Historical performance

  Stock information

  • Market capitalization: $532170735616
  • P/E ratio: 14.8812
  • PEG ratio: 1.0333
  • Dividend yield: 0%

  Get more detailed information and learn how to buy FB.US stock

Compare online brokers

1 - 7 of 25

Updated regularly

Name	Product	Standard brokerage for US shares	Currency conversion fee	Asset class
eToro Finder AwardExclusive		US$0	50-150 pips	ASX shares, Global shares, US shares, ETFs	Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply). CFD service. Capital at risk. Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.	Go to site View details	Compare	loading Fetching your data...
Moomoo Share Trading Exclusive		US$0.99	55 pips or 0.0055 AUD/USD	ASX shares, Global shares, US shares, ETFs	Finder exclusive: Get 30 days of brokerage-free trading for new accounts + 6.8% on your uninvested cash. T&Cs apply. Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.	Go to site View details	Compare	loading Fetching your data...
Spaceship US Investing		US$0	0.70%	US shares, ETFs	Dive into US markets with $0 brokerage, starting with just a $10 investment. Unlock US stocks and ETFs with minimal entry barriers, offering straightforward, low-cost options for new and seasoned investors.	Go to site View details	Compare	loading Fetching your data...
Tiger Brokers Exclusive		US$2	37 pips	ASX shares, Global shares, US shares, ETFs	Finder exclusive: 10 no-brokerage US or ASX market trades in the first 180 days + 7% p.a. on uninvested cash with first deposit of any amount, plus US$30 TSLA + US$30 NVDA shares with deposits up to AU$2000. T&Cs apply. Trade Australian, US and Asian stocks with no minimum deposit on Tiger Broker’s feature-packed platform.	Go to site View details	Compare	loading Fetching your data...
CMC Invest Finder Award		US$0	0.60%	ASX shares, Global shares, Options trading, US shares, ETFs	$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply). Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).	Go to site View details	Compare	loading Fetching your data...
Webull		US$0.25	0.50% (50 pips)	ASX shares, Global shares, Options trading, US shares, ETFs	Get 30 days of $0 brokerage fees when you open your account. Receive $50 of TSLA shares and a $50 trading voucher when you deposit $200. T&Cs apply. Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.	Go to site View details	Compare	loading Fetching your data...
Saxo Invested		US$1	0.25%	ASX shares, Global shares, Options trading, US shares, ETFs	Access 22,000+ stocks on 50+ exchanges worldwide Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.	Go to site View details	Compare	loading Fetching your data...

loading