Add this topic to your myFT Digest for news straight to your inbox
Heavy trading in company behind Truth Social fuels talk of a new cycle of ‘meme stock mania’
And so is justifying the Trump Spac at $60 a share
Shares of company behind former president’s Truth Social platform rise 16% in first day of trading
TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubble
Other companies could be emboldened by the social media group’s successful listing, say bankers
Social media site now faces challenge of adjusting its sometimes unruly business to please public shareholders
Litigation with a former partner hangs over Friday’s vote to take Truth Social network public
Deal gives social media group popular with meme-stock traders a market value of almost $10bn
Early involvement by loyal users does not guarantee a large pool of engaged retail investors
The listing of dual-class shares will mean the partial disenfranchisement of many investors
Lacklustre performance dents hopes of strong rebound in new European listings
Companies and their backers are starting to show more signs of acceptance of valuation cuts in ‘down round’ financing
Social media company cancels Steve Huffman’s performance awards based on hitting $25bn market value
TikTok bill in Washington impedes path to exit investments after IPO market fizzles
Tricky exits
Payments company has become a Silicon Valley bellwether as its valuation has risen and fallen over the past few years
Raman Bhatia to take up helm in summer following exit of Anne Boden last year
Data shows equity compensation has decreased by more than a third over past 18 months
Plus, CVC faces a big test on a German IPO and Geely’s auto empire confronts the scrutiny of public markets
The prospects for successful public offerings this year or even next seem slim
In rare interview, Pavel Durov says secretive messaging app is making ‘hundreds of millions of dollars’ from ads business
Social media platform targets valuation of up to $6.4bn in litmus test for start-up listings
Sustained fall would raise questions over future ability of ambitious Chinese automaker to tap public markets
Companies have raised $3.2bn since January, more than double last year, but challenges remain
State-owned group reports second-highest annual profit, even as production cuts weigh down on performance
International Edition