TMTG debuts as first listing on NYSE Texas

SARASOTA, Fla. - Trump Media and Technology Group Corp. (NASDAQ: DJT), known for operating the social media platform Truth Social, announced today that it has become the inaugural stock to list on the New York Stock Exchange (NYSE) Texas. The company will maintain its primary listing on NASDAQ but will also trade on NYSE Texas under the same ticker symbol, DJT. Currently trading at $14,592.60, the stock has seen significant market activity with an average daily volume of 134 million shares over the past three months, according to InvestingPro data.

The newly established NYSE Texas is part of Intercontinental Exchange, Inc. (ICE), which launched this regional extension of the NYSE to leverage Texas’s business-friendly environment. The company’s warrants will be listed on NYSE Texas with the ticker symbol DJTWW. DJT has experienced price fluctuations within a 52-week range of $14,244.06 to $17,845.72, reflecting the stock’s volatile nature.

Devin Nunes, CEO and Chairman of TMTG, expressed the company’s honor in being the first listing on NYSE Texas, citing alignment with Texas’s appreciation for free enterprise and personal freedom. He also mentioned TMTG’s plans to reincorporate in Florida as part of a strategic move towards states that promote business and individual liberties.

Lynn Martin, President of NYSE Group, welcomed TMTG to the NYSE community and highlighted the pro-business dynamics in Texas that the new exchange aims to capitalize on. This sentiment was echoed by comments on the commitment to U.S. capital market innovation by both Trump Media and the state of Texas.

TMTG’s mission is to provide a counter-narrative to Big Tech’s control over free speech by offering platforms such as Truth Social for social media, Truth+ for streaming services, and Truth.Fi for financial services and FinTech solutions.

The press release included forward-looking statements regarding TMTG’s business strategies and prospects, including the development and success of its products and services. The company cautioned that these statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from expectations.

This news is based on a press release statement from Trump Media and Technology Group Corp. InvestingPro data shows the stock has posted a year-to-date return of -8.2%, with a one-year total return of approximately -10%. Investors seeking deeper insights into DJT’s valuation metrics, growth potential, and extensive financial analysis can access additional ProTips and advanced metrics through an InvestingPro subscription.

In other recent news, Trump Media and Technology Group Corp. (TMTG) has announced plans to expand into the financial services sector with the launch of America First-themed investment products. The company, known for its social media platform Truth Social, is partnering with Crypto.com to introduce a series of exchange-traded funds (ETFs) focused on American industries like energy. These ETFs, along with separately managed accounts (SMAs) under the Truth.Fi brand, are slated for a 2025 launch, pending regulatory approvals. TMTG has committed up to $250 million for these initiatives, with Charles Schwab named as the custodian for these funds.

In a separate development, TMTG has launched a Truth+ app for Roku TV devices, expanding its streaming services. The app offers a variety of family-friendly programming and live TV channels, with plans to add Video on Demand content soon. Additionally, TMTG has enhanced the group features and security on its Truth Social app, improving user experience with a new explorer feed and better administrative controls.

On the legal front, TMTG, in collaboration with Rumble, has filed an emergency motion in a U.S. federal court challenging a Brazilian Supreme Court order that suspended Rumble’s operations in Brazil. This legal action underscores TMTG’s commitment to free speech, opposing what it describes as censorship by Big Tech. These developments reflect TMTG’s ongoing efforts to diversify its offerings and strengthen its market presence.

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