That brings his total ownership to more than 114 million shares, which based on Wednesday morning s stock price, are worth USD 5.7 billion. Trump Media got its place on the Nasdaq after merging with a company called Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. These type of mergers offer young companies quicker and easier routes to getting their shares trading publicly.
Before trading began, Trump Media had a market value of about USD 6.8 billion, a figure that will rise significantly if the early gains in the shares hold.