Last week's Reddit and Astera Labs IPOs consumed a lot of media oxygen. And for good reason: the two tech IPOs were priced high and traded even more actively. The discovery of two major multibillion-dollar products in the same week is part of a long-awaited victory for private market technology companies after a long shortage of technology products. I breathed a sigh of relief.
But last week, Trump Media and Technology Group, the company behind Truth Social, offered a different service from a technology perspective. You can read more about it here on TechCrunch, but the gist is that after a lot of back and forth, we merged with the SPAC of our choice and started trading.
It's going to be a tough road ahead financially, but the fact that we had two big debuts and another open market deal last week means the IPO window is back, right?