#IPOs Process
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infinysolution · 1 year ago
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Discover the evolution of Initial Public Offerings (IPOs) from the 1980s and 1990s to today and how it impacts your investments. Explore insights at Infiny Solutions: https://infinysolutions.com/ipos-in-1980s-and-1990s-vs-today-and-what-it-means-for-you/. Uncover the changes in IPO trends and their significance for your financial strategy.
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winsoftech · 19 days ago
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Revolutionizing Financial Processes with Technology
In today’s fast-evolving digital landscape, seamless integration of technology in financial processes has become imperative. With increasing demands for transparency, efficiency and accessibility, organizations across sectors are embracing cutting-edge solutions to optimize operations. Among these, systems for IPO Application Processing Systems and Digital solutions for Pradhan Mantri Yojana have emerged as transformative tools, addressing key needs in the financial and governance ecosystem.
Streamlining IPO Application Processes
Initial Public Offerings (IPOs) are pivotal events for companies seeking to raise capital and go public. However, the process can be highly complex, involving numerous stakeholders, stringent regulatory requirements and tight timelines. This is where an advanced IPO Application Processing System comes into play. These systems enable end-to-end management of IPO applications, ensuring accurate data handling, compliance with regulations and a seamless user experience.
By automating manual workflows, these systems eliminate errors, reduce processing time and enhance investor satisfaction. Features such as real-time tracking, robust data encryption and intuitive dashboards provide both issuers and applicants with a streamlined, transparent process. For financial institutions, the adoption of such systems not only ensures operational efficiency but also strengthens customer trust.
Enhancing Governance With Digital Solutions
India’s Pradhan Mantri Yojanas are designed to empower citizens by offering financial and social benefits. However, the implementation and distribution of these schemes often encounter challenges, including delayed disbursements, lack of transparency and limited access in remote areas. A Digital Solution For Pradhan Mantri Yojana addresses these issues by leveraging technology to create an inclusive and efficient framework.
Such solutions digitize beneficiary data, automate workflows and provide real-time monitoring capabilities. They empower government bodies to distribute funds more effectively, reduce leakages and ensure that benefits reach the intended recipients promptly. Features like mobile access, secure data management and multilingual interfaces make these systems user-friendly and accessible to diverse demographics.
The Role Of Winsoft Technologies
Winsoft Technologies, with over three decades of expertise in delivering innovative software products and services, has been at the forefront of these advancements. Their tailored solutions cater to the unique demands of the banking, financial services and insurance (BFSI) sector. Winsoft’s IPO Application Processing System is a testament to its commitment to driving efficiency and transparency in critical financial processes. Similarly, their Digital Solution For Pradhan Mantri Yojana underscores their dedication to fostering inclusivity and enhancing governance.
Winsoft’s products, such as SmartASBA and SmartPM, are specifically designed to address complex challenges with simplicity and precision. Their solutions not only enable organizations to meet evolving market demands but also create meaningful impact by empowering stakeholders at every level. As a trusted partner for financial institutions and government bodies, Winsoft continues to lead the charge in transforming traditional processes with innovative technology.
Conclusion
The integration of advanced systems for IPO processing and digital governance solutions is not just a trend but a necessity in today’s dynamic environment. Companies like Winsoft Technologies are playing a crucial role in shaping this transformation, ensuring that organizations can operate efficiently while delivering value to their stakeholders. With its robust expertise and forward-thinking approach, Winsoft remains a beacon of innovation in the digital era.
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21by72 · 24 days ago
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Master Startup Funding: Pre-Seed to IPO Explained
Funding is the lifeblood of any startup. Without it, businesses can stall, unable to move forward or achieve their growth potential. Securing the right funding at the right time is crucial for survival and scaling. In fact, lack of funds is the second most common reason for startup failure, affecting 29% of failed ventures. To avoid becoming part of this statistic, understanding the different stages of startup funding from pre-seed to IPO is essential. This blog will guide you through each funding stage, providing a roadmap for raising capital effectively.
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What is Startup Funding?
Startup funding involves raising capital to transform an idea into a viable business and sustain its operations. It’s critical for startups to secure funding not just for survival, but for growth in a competitive market. Funding can come from individual investors, such as angel investors, or institutions like venture capital firms. Timing is key; raising funds too early or too late can both have detrimental effects. This blog outlines the steps to help you navigate the timing and methods of raising funds effectively.
Stages of Startup Funding
Startups typically follow a sequential process to secure funding, although some may skip stages based on their growth trajectory.
1. Pre-Seed Funding
Objective: Validate the startup idea, conduct primary market research, and develop a prototype.
Pre-seed funding helps entrepreneurs move from an idea to a tangible business concept. This stage often involves bootstrapping, using personal savings, or seeking support from friends and family. Occasionally, early-stage angel investors may contribute. It’s crucial to keep equity dilution below 15% when seeking external funding.
2. Seed Funding
Objective: Test market traction by building a Minimum Viable Product (MVP) and hiring a core team.
Seed funding is the first major external investment stage. It nurtures the startup idea by providing the resources needed to test the market. Angel investors, early-stage venture capitalists, and crowdfunding are common sources. Ideally, equity dilution at this stage should be between 10% and 20%.
3. Early-Stage Funding
Objective: Refine product-market fit through R&D and expand the team.
Early-stage funding supports further market research and solidifies the product-market fit. This stage often involves revenue generation and is funded by angel investors and early-stage venture capitalists. Events like the Global Startup Summit by 21By72 provide platforms for startups to secure early-stage funds.
4. Series A Funding
Objective: Grow market presence and target customer segments.
Series A funding focuses on scaling operations and enhancing brand presence. It helps startups optimize their operations to meet market demands. Venture capital firms and corporate funds are primary sources, with equity dilution ranging from 15% to 25%.
5. Series B Funding
Objective: Expand offerings and scale operations by hiring skilled team members.
Series B funding supports startups that have established market presence and need to scale further. This stage often involves increased investment from existing investors and venture capital firms, with equity dilution up to 15%.
6. Series C Funding
Objective: Enter global markets and diversify product lines.
Series C funding is aimed at global expansion and market dominance. Startups use these funds to develop new product lines or acquire other companies. Late-stage venture capital and private equity investors are typical funders, with equity dilution between 10% and 15%.
7. Mezzanine Financing/Bridge Funding
Objective: Maintain operations before raising significant capital.
Bridge funding helps startups sustain operations while preparing for major funding rounds. This stage is critical for maintaining momentum and boosting valuation. Venture capital and private equity investors often provide these funds.
8. IPO Funding
Objective: Expand the business and provide liquidity to early investors.
An Initial Public Offering (IPO) transforms a private company into a public one, allowing it to raise significant capital. This stage involves rigorous financial audits and regulatory compliance. An IPO provides liquidity to early investors and founders while enhancing brand visibility.
Conclusion
Understanding the various stages of startup funding, from pre-seed to IPO, is crucial for entrepreneurs. Each stage—pre-seed, seed, early-stage, Series A, Series B, Series C, bridge funding, and IPO—serves a specific purpose in the growth trajectory of a startup. By mastering these stages, startups can strategically raise capital, scale operations, and achieve long-term success.
FAQs
1. What are the stages of startup financing entrepreneurs must know? Startups typically progress through pre-seed, seed, early-stage, Series A, Series B, Series C, mezzanine/bridge funding, and IPO stages, each aligning with their growth and operational needs.
2. What’s the difference between pre-seed and seed funding? Pre-seed funding focuses on idea validation and market research, often sourced from personal savings or angel investors. Seed funding develops an MVP and involves external investors for market testing.
3. What’s the role of venture capital for startups? Venture capital is crucial for scaling operations during Series A, B, and C funding stages. Besides financial backing, venture capitalists offer mentorship, strategic advice, and industry connections.
4. When should a startup prepare for an IPO? Startups should prepare for an IPO when they have a strong market position, consistent revenue, and proven scalability, ideally during favorable market conditions to maximize returns.
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indiaiposervices · 2 months ago
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New Malayalam Steel Limited IPO | India IPO
New Malayalam Steel Limited is a prominent manufacturer of galvanized pipes, tubes, and sheets. The company operates an advanced electric resistance welding tube mill, boasting an impressive installed capacity of 3,500 metric tonnes. Situated in the scenic state of Kerala, India, this manufacturing unit is equipped with state-of-the-art technology, ensuring high-quality production and efficiency.
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New Malayalam Steel Limited is a prominent manufacturer of galvanized pipes, tubes, and sheets. The company operates an advanced electric resistance welding tube mill, boasting an impressive installed capacity of 3,500 metric tonnes. Situated in the scenic state of Kerala, India, this manufacturing unit is equipped with state-of-the-art technology, ensuring high-quality production and efficiency.
Visit Us:-
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consultantsmema · 4 months ago
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How FCA’s New Listing Rules Enhance UK Capital Markets Competitiveness
The FCA's new listing rules represent a pivotal reform to fortify the UK's capital markets, as outlined by Sarah Pritchard, FCA’s Executive Director. These changes, effective July 29, 2024, simplify the IPO process, foster flexibility, and adopt a disclosure-based approach, allowing companies to grow while upholding corporate governance standards. Additionally, the FCA is enhancing public offers, investment research, and digital securities innovation. MEMA offers essential support to firms adapting to these reforms through regulatory guidance, compliance strategies, and training, positioning them for sustained success.
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stockknocksblog · 11 months ago
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From Private to Public: The Complete Journey of Going Public for Emerging Enterprises.
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sovrennknowledge · 1 year ago
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Small and Medium-sized Enterprises (SME): Definition and Examples explained! Dive into the world of SMEs and their impact on business and innovation.
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freshjob-updates247 · 1 year ago
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Your IPO Guide: How to Navigate Stock Market Entry - IPO Initial Public Offering Meaning
IPO Initial Public Offering Meaning :How IPO Works ?Process Of IPO STEP BY STEP :Pros & Cons :Pros of an IPO:Cons of an IPO:Conclusions: FAQs IPO Initial Public Offering Meaning :Where Can I Get IPO Process Pdf For Ipo Process Steps ?How To Download Ipo Process In India Pdf ?Ipo Initial Public Offering Example ? IPO Initial Public Offering Meaning : An IPO, or Initial Public Offering, is when a…
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kadam89priyanka · 2 years ago
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Understanding IPOs: A beginner’s guide
sme ipo full form In the stock market, an IPO is considered a separate asset class because of their uniqueness. IPO is an initial public offering, a process for private companies to list themselves on the stock exchange. It allows a company to raise equity capital from the market. For a new investor, understanding all aspects of an IPO can be a challenge. Worry not! We will break it down, like IPO definition, fixed price and book building process of IPO etc. 
What is an IPO?
IPO means transitioning a company's equity ownership from private to public. It involves selling the company’s equity shares to regular investors to raise money for the business. Companies issue IPO primarily to raise capital. Startups and even companies that have been doing business for decades can issue an IPO to pay off debts, fund growth, raise the company's profile, increase equity liquidity, or allow company promoters to diversify their holdings. 
IPO vs FPO
FPO is a follow-on IPO. FPO allows a listed company to raise fresh capital from the market by releasing additional company equities. Both IPO and FPO are targeted for the primary market. But in the case of an FPO, the price of the stocks is decided upon the number of shares and is market driven.
Fixed price and book-building IPOs
IPO investors are often stumped by the terms fixed issue and book-building offers. These are the two primary IPO types based on their pricing. 
Fixed price issue
Under the fixed price issue, the company reveals the IPO share price to investors. The company engages a merchant bank that undertakes the evaluation process and determines the IPO shares price based on aspects such as the company's current valuation, prospects, and risk overview of the company. 
Book building IPO
In the book-building process of IPO, the company issues a 20% price band for the investors. The lower limit of the price band is called the floor price, and the upper limit is the cap price. Interested investors must bid within the price band. The issuer determines the price after the bidding window is closed. 
SME IPOs
When we are on the topic of initial public offerings, SME IPOs need a special mention. Usually, an IPO requires lumpsum investment. But SME IPOs are changing the landscape of the Indian IPO market. 
SME IPO criteria
SME IPO full form is small and medium size IPOs. These are different from mainline public offers. Under the segment, SME companies can list themselves on the bourses. 
The company's post-issue paid-up capital should be less than ₹25 crores.
A net tangible asset is ₹1.5 crore.
The company is present online with its website.
The issuer agrees with both depositories and confirms trading with the Demat account.
Its promoters can't change post the issue for at least one year.
The company is incorporated under the Companies Act 1956.
Final words 
Now you have learned the IPO essentials, open a Demat account and invest in the upcoming IPOs. If you don't have a Demat account, now you can open one online by visiting a depository participant's website.  
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millenniallust4death · 6 months ago
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You, Martin, and Bosco were part of my childhood. I was just a dog obsessed teen on FP reading your posts about Martin and training. Honestly, I barely understood them sometimes because of my inexperience, but they still taught me a lot. I'll always have fond memories of Martin even though I never met him.
Thank you for such a kind message! I love that Martin and Bosco are part of the fabric of your childhood. They live on in so many people's hearts, and that truly brings me joy.
Martin's training diary was on Instagram, and I updated it almost every day for him. My favorite comment of all time came from the training director of a large IGP club. He said (paraphrased):
"Martin spends all his time training weird things that I don’t understand. Then, out of the blue, there’s a video of Bosco doing an IPO exercise, and he’s as good as, if not better than, the dogs in the club! But Martin is doing everything by himself on a farm. I wish he’d come visit us."
So, you weren't the only person who didn't fully understand Martin's process. XD
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infinysolution · 1 year ago
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IPOs in 1980s and 1990s vs today and what it means for you
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India is currently going through an IPO boom. According to the latest Ernst & Young (EY) Global IPO report, the year 2021 was India’s strongest IPO year in terms of proceeds in the recent 20 years. As per the report, IPO activity in India climbed 156 percent year over year to 110 deals in 2021 (from 43 in 2020) and 314 percent in terms of proceeds to $16.94 billion (from $4.09 billion in 2020). All of this is good news for investors. However, things weren’t always so rosy in India. The IPO scenario in the 1980s and 1990s was vastly different from what we know and see today.
Background of IPOs
Hundreds of enterprises flooded the market with IPOs in the 1980s, with the majority of them being low-quality issues. The worst period was 1992-1996, when there were an incredible 3,911 equity IPOs. These were rife with frauds and scams since SEBI had only just been set up and did not have much control over the market. There were no rules and regulations or checks and balances which led to investors being scammed left, right, and centre.
Ponds, Colgate, and Hindustan Lever were among the several companies that went public at incredibly low rates set by the old CCI, or Controller of Capital Issues. While short-term investors did well, long-term investors were rewarded extremely handsomely. Naturally, demand for new IPOs surged exponentially with each profitable listing, resulting in massive oversubscriptions, effectively turning the exercise into a lottery. To gain more allotments, the era of numerous applications and false applications began.
Problems with IPOs in the 80s and 90s
The market was plagued with a litany of issues back then. Since there were no barriers to entry, almost anyone could launch an IPO. There was no governing body to oversee. This led to a number of fraudulent companies launching IPOs just to rake in investor money which was never returned. Issuers could get away with anything back then, including enticing headlines, the employment of models and celebrities, and the promise of a bright future, with guaranteed dividends in advertisements. All of this has since been prohibited by the SEBI advertising rule. Those who did get shared allotted to them only got them after a convoluted method of share allocation which was vulnerable to manipulation. Proportional allotments were used, although even the few successful applicants received a relatively small amount of shares. SEBI has now established a minimum reasonable allocation. For institutions, there existed a dubious discretionary allotment system, in which issuers and investment bankers could force their favourite institutions to participate. This, too, has been modified to a proportional allotment. Furthermore, a tight KYC process has precluded the possibility of demat fraud.
Practices used to increase chances of allotment
IPOs in the 1980s and 1990s were not a poisoned chalice just because of regulatory issues. There were investor side issues as well. To cash in on the first-ever IPO boom in India, investors used various methods to try and ensure that they got the maximum possible allocation for them.
Since PAN cards did not exist at that point in time and neither was there a Unique Identification Number (UID), it led to a number of unscrupulous activities from investors.
Using multiple names: To increase the chances of allotment, people would fill multiple forms, all with different names. On some forms they would put only their first name, on some they would put both first and last name. They would also use combinations with their first, middle, and last names. Female investors also resorted to using their maiden name and their post-marriage name alternatively.
Use of all possible addresses: Investors would also look to exhaust all possible address combinations available to them. This included their home address, office address, rented address, paternal home’s address, or even their relative’s address. This coupled with using different names allowed one investor to fill tens of forms at once, all in a bid to get as many shares allotted to them as possible.
These activities led to a number of name mismatches, name changes in documents, signature mismatches, and address changes in documents. When such a thing happens, these shares are deemed lost and lay unclaimed. A change in name after wedding can also lead to this. There can also be cases of the company’s name being changed and the same not being reflected in your documents. This would also lead to a situation of unclaimed shares.
Getting back what’s yours
Up to 7 years after unclaimed dividends and unclaimed shares were ruled lost, investors can petition the government to receive them. Previously, consumers had to visit individual corporations to obtain information and then collect their dividends and shares. But now when it comes to recovering unclaimed shares, the IEPF is a one-stop solution that allows the public to claim their rightful inheritance from numerous companies through a single route. The entire process is now more transparent which guarantees that the payouts reach the proper people and are not tainted by fraud.
The team at Infiny Solutions is well-versed at dealing with such issues. We have helped a number of investors reclaim their rightful holdings from the 1980s and 1990s which they had lost due to any of the above-mentioned reasons. There is also the possibility, depending on which stock you owned, that your holding from the 1980s is worth a fortune today. That makes it even more critical for you to track and reclaim what is rightfully yours. We, at Infiny Solutions, will help you do just that.
Blog Source:- https://infinysolutions.com/ipos-in-1980s-and-1990s-vs-today-and-what-it-means-for-you/
IPOs | IPOs Share Price | IPOs In India | IPOs Process | IPOs Meaning | IPOs Service | unclaimed dividends and unclaimed shares | Initial Public Offering
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winsoftech · 2 months ago
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Winsoft Technologies: Revolutionizing Financial Services With Innovative Solutions
The financial services sector is rapidly evolving, driven by digital innovation and the need for efficient, scalable solutions. Winsoft Technologies, a leader in the BFSI space, has been at the forefront of this transformation, delivering cutting-edge software solutions that cater to the unique needs of banks, financial institutions and government schemes. Their expertise spans multiple domains, including capital markets and public welfare initiatives, making them a trusted partner for the digital age.
Streamlining IPO Applications with Winsoft
Handling public offerings requires precision and speed and Winsoft’s IPO Application Processing System stands out as a reliable solution. Designed to process Initial Public Offerings (IPO), New Fund Offers (NFO) and debt applications, this platform ensures seamless integration across stakeholders, from banks to registrar and transfer agents (RTAs).
Winsoft’s IPO Application Processing System automates the application lifecycle, reducing errors and turnaround times while enhancing user experience. Its robust design supports compliance with regulatory standards, making it an invaluable tool for organizations looking to streamline their operations in capital markets.
Empowering Government Initiatives: Digital Solution For Pradhan Mantri Yojana
Winsoft is also a pioneer in creating solutions for social impact. Their Digital Solution for Pradhan Mantri Yojana enables banks and financial institutions to efficiently manage schemes like Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana (PMJDY). These platforms simplify processes such as enrollment, fund management and beneficiary tracking, ensuring transparency and accessibility.
By digitizing workflows, Winsoft’s Digital Solution for Pradhan Mantri Yojana ensures that government initiatives reach their intended audience with minimal overhead. This commitment to innovation reflects Winsoft’s dedication to supporting India’s mission for financial inclusion.
Why Choose Winsoft Technologies?
Tailored Solutions: Winsoft designs products that address specific business challenges in the BFSI sector, delivering measurable value.
Proven Expertise: With over 30 years of experience and more than 1,000 successful projects, Winsoft has a track record of excellence.
Commitment to Security: The ISO 27001-certified company ensures data protection and compliance with global security standards.
Customer-Centric Approach: Winsoft’s solutions are built to enhance customer experience and operational efficiency.
Additional Offerings By Winsoft
Beyond IPO and government scheme solutions, Winsoft provides a wide array of services, including:
Mutual Fund Distribution Platforms: Industry-leading technology for seamless fund management.
Wealth Management Solutions: Holistic platforms for banks and financial advisors.
Testing and Automation: Ensuring robust and reliable software applications.
Conclusion
Winsoft Technologies continues to lead the way in transforming the BFSI sector with its innovative products and services. Whether you’re seeking an efficient IPO Application Processing System or a robust Digital Solution for Pradhan Mantri Yojana, Winsoft offers unparalleled expertise and cutting-edge technology. By empowering financial institutions and government initiatives, Winsoft is driving progress and creating lasting impact in the financial landscape. Choose Winsoft for reliable, future-ready solutions that cater to your unique needs.
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wisteriagoesvroom · 9 months ago
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this isn’t even hate— but when you add in the context that trump is in the middle of campaigning for an upcoming presidential election and he’s wearing a campaign slogan with pictures with the f1 winner, its a little different than an oil sponsor. Not to mention a fundraiser would actually create discomfort at the actual race event for fans, etc
Obviously I know there’s so much wrong with these sponsors/sport but Trump is a political symbol for so much hate for many Americans (the literal audience for this race) and completely unassociated with providing financial support to f1. “Virtue signaling” is interesting way to respond to criticisms of him being here
unfortunately, believe me, i know the context - i wish the rest of the world didn't know the american political context tbh but we're all beholden to the moves of the US, much as i wish we weren't.
he’s wearing a campaign slogan with pictures with the f1 winner, its a little different than an oil sponsor
is it? is it not just about how confronting that imagery is? degrees of complicity we're prepared to accept as audience members? rather than the base issue i was talking about, which is that ultimately f1 is a dirty sport and the faster we (or in this case rather, specifically me) can accept that and stop pretending it is, the better time i'm gonna have?
i think that's what made kate wagner's article an uncomfortable read for a lot of fans tbh. i'm sidetracking here but the point i'm thinking about a lot is that interpersonal relationships and triumphant moments happen in f1 despite this great machine, and not because of it. that's the joy i'm chasing/reclaiming as a fan i guess.
my initial disappointment that orangeman was there was quickly followed by a "well why am i even surprised...". this is overall more a critique and self-reflection of damn, why do we – myself included – get swept up in the marketing.
i also question why discomfort comes up more in the context of trump's cap and political slogan and not ar*mco's greenwashing or as a political vehicle of soft power (extract below from their public listing/IPO):
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or the fact that we still have tobacco sponsors under a cuter guise. again, i'm not saying it's a zero sum game of "who's worst", but rather if we are frank this sport causes huge degrees of cognitive dissonance if we look too closely, and the powers that be absolutely know what they're doing to try and gloss over that.
and, tbh, i am out here in the hypercapitalist landscape 3 hours late to log in to do my job. but! i just think it's funny that the FIA chose to draw the line here so as not to alienate its US audience (i.e. revenue base, which they are actively trying to court).
FIA doing what it did re:trump box fundraising is virtual signalling in my opinion.
that's my opinion, as a random person on the internet trying to process their feelings about the sport. discomfort is an interesting word you use because it caused me discomfort too and it's interesting to examine why that is, and the answer will be individual to everyone.
and! don't get me wrong! it's not going to stop me from writing rancid fanfic (i may in fact be encouraged to be worse).
but my post was more about where the FIA publicly decides to draw a line. and it's interesting that it was only a line when it threatened their american audience acquisition plan.
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indiaiposervices · 2 months ago
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DAM Capital Advisors Limited IPO | India IPO
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DAM Capital Advisors Limited is a prominent investment bank in India, offering a diverse range of financial solutions. Their expertise spans across two main areas:
Investment Banking This encompasses equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. Since the acquisition on November 7, 2019, until October 31, 2024, the company has successfully executed 72 ECM transactions. This includes 27 IPOs, 16 qualified institutions placements, 6 offers for sale, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers, and an initial public offer of units by a real estate investment trust. Additionally, DAM Capital has advised on 23 advisory transactions, covering areas such as M&A advisory, private equity advisory, and structured finance advisory, while also executing block trades.
Visit Us:-
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so-much-for-subtlety · 5 months ago
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one of my recent simple pleasures in life has been watching the plummet of Trump Media & Technology Group value
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It’s down about 70% since it’s SPAC merger in March that allowed them to go public skipping the IPO process (and the scrutiny and due diligence that an IPO requires to protect public investors).
Trump himself is the majority shareholder with 59% of shares and later this month he will be allowed to sell them.
His shares are currently worth $2.3B (about half his current estimated net worth) but their peak value was around $8B so on paper he’s lost about 60% of his net worth in the past 6 months.
Unlike his other assets, these shares are liquid so are a quick source to funds (although cashing out will probably trigger others to sell and further reduce his value on paper).
It’s another 3 weeks before his first opportunity to cash out some of these shares so I’m hoping the downwards trend continues hehehe :)
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