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In a move that has shaken the financial world, shares of Trump Media & Technology Group (TMTG), the company founded by former President Donald Trump in 2021, soared more than 45% in its debut on the Nasdaq stock exchange on Tuesday
This impressive debut has underscored the enormous investor interest and confidence in Trump's vision and leadership in media and technology.
According to reports, the value of each TMTG stock stood at $70.46, giving the company a market capitalisation of approximately $9.55 billion.
This represents a significant achievement for a relatively new company on the market, and demonstrates investors' faith in its potential for future growth and success.
One of the highlights of this stock market debut is Donald Trump's majority stake in the company.
His stake is estimated to be worth around $5.55 billion, making him TMTG's largest shareholder.
This leadership position reinforces his influence and control over the strategic direction of the company, which has undoubtedly been a key factor in investors' decision to back his vision.
The success of TMTG's stock market debut has not only generated excitement in the financial world, but has also raised expectations about the impact this company could have on the media and technology landscape.
With its focus on freedom of expression and innovation, TMTG has the potential to revolutionise the way content is created, consumed and distributed.