Trump TMTG IPO
How is Donald Trump's Media Company valued at $8bn? Any news on which teams are running the process?
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EF Hutton was the sole underwriter for the SPAC that acquired it.
Didn’t look like there was a financial advisor listed but I can’t imagine a world where any reputable bank could get through committee on this one. Even Jefferies wouldn’t touch this.
The absurd valuation is a combination of people gambling that this will increase further in value if he wins and a function of the fact that a sizable portion of Trump’s base are morons.
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