Donald Trump's media company, Trump Media and Technology Group, got the green light for its IPO in New York on Friday. The announcement will unlock several billion dollars for the former president and which is good news for the latter, who must provide a legal bond of nearly 500 million dollars.
Donald Trump is the main shareholder of TMTG who will control several tens of millions of shares in the new listed company. According to several estimates, his stake would be valued at more than three billion dollars at the current share price.