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COPPELL, Texas - Online firearms retailer GrabAGun Digital Holdings Inc. began trading on the New York Stock Exchange (NYSE) under the ticker symbols PEW and PEWW on July 16, the company announced Tuesday. The stock, currently trading at $8.35, has shown significant volatility since its debut, with average daily trading volume reaching 2.19 million shares.
The company received over $179 million in gross proceeds from its public listing, with approximately $119 million remaining after secondary proceeds and transaction expenses. GrabAGun plans to use these funds to expand its online platform and pursue strategic acquisitions. With a current market capitalization of $366.35 million, InvestingPro data shows the company trading at a P/E ratio of 75.93, suggesting ambitious growth expectations from investors.
GrabAGun operates as an e-commerce platform specializing in firearms, ammunition, and related accessories. The company believes its total addressable market could reach $25 billion based on 2024 industry data. According to InvestingPro analysis, the company currently shows a weak financial health score of 1.19, with several additional insights available to subscribers.
Marc Nemati, CEO of GrabAGun, stated the company is "exceptionally well positioned to accelerate its growth through strategic acquisitions that enhance our platform and broaden our customer reach." The company is currently evaluating over a dozen potential acquisition targets across e-commerce and adjacent categories. Recent market data from InvestingPro shows the stock has experienced a significant 51.57% decline in the past week, trading well below its 52-week high of $21.40.
The retailer also announced plans to integrate cryptocurrency and stablecoin payment options through payment vendors, expanding customer payment choices across its platform.
Donald Trump Jr., a board member, advisor, and shareholder of GrabAGun, expressed support for the company’s mission of "modernizing the F&A industry, while delivering a best-in-class shopping experience."
GrabAGun describes itself as a "digitally native" retailer that works with brands including Smith & Wesson, Sturm, Ruger & Co., SIG Sauer, Glock, Springfield Armory, and Hornady Manufacturing.
The company’s technology infrastructure includes AI-driven listings, demand prediction, and automated procurement systems, according to the press release statement.
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