Donald Trump Jr., Kimberly Guilfoyle, Omeed Malik ring bell at New York Stock Exchange to celebrate anti-woke Amazon alternative PublicSq marketplace going public and doubling estimated worth to $400M
America-first marketplace PublicSq leadership and top investors celebrated the anti-woke company going public by ringing the bell at the New York Stock Exchange.
The San Diego-based company launched nationwide in August 2022 and began trading on the NYSE today under ticker symbol PSQH. It has drawn in conservative heavyweights including Donald Trump Jr. and former Arizona Senate candidate Blake Masters.
The event included CEO Michael Seifert; Donald Trump Jr. and his fiancée Kimberly Guilfoyle, who are both equal investors; Nick Ayers, former chief of staff to Vice President Mike Pence; and Omeed Malik, founder and CEO of Farvahar Parners and PublicSq's main financier.
Leadership celebrated the doubling of its market cap value - estimated from $200 million to over $400 million - in only a few hours since it started trading publicly.
The company, which is a self-proclaimed alternative to Amazon, is bringing in shoppers who hate big 'woke' corporations.
PublicSq began trading on the New York Stock Exchange today under ticker symbol PSQH
CEO Michael Seifert, Nick Ayers, Donald Trump Jr., and Omeed Malik outside the NYSE
According to excerpts from an investor call obtained by DailyMail.com last week, PublicSq's leadership and top financiers discussed its investment strategy for getting more donors in the door by focusing on the company's conservative 'parallel economy,' they say sets itself apart from other online marketplaces.
Trump called it 'awesome' to see how the company links the 'forgotten man, woman, and business of this country,' which he estimates to be at roughly 175 million people.
'So to be a part of this team, to see what's going on, to hear the success stories of the people that have been helped by the platform, even in its infancy...it's just a very, very exciting time,' continued Trump on the call Tuesday evening.
The company is the 'foundation of this new economy,' said Malik - who moved from New York to Florida to try and escape the country's political and cultural divisions.
He added that PublicSq is 'not only going to allow us to shop our values and patronize those businesses, but also insulate us from being platformed or being censored.'
He pointed to multiple instances of the federal government working with Big Tech companies to suppress Americans' free speech - particularly conservative viewpoints.
'I've just seen how badly needed PublicSq is,' said Masters. 'It's not just Republicans, by the way, who are crying out. If you look at survey data, it's Republicans, it's Democrats, it's Independents. Pretty much nobody likes corporate America just deciding to install woke values on us when we're trying to shop for toilet paper or buy a new crib for our baby.'
He said the marketplace is an 'incredible opportunity' to provide people with an alternative to 'actually feel good' about spending their dollars on products by businesses that respect them.
PublicSq. founder and CEO Michael Seifert rings the ceremonial bell
Donald Trump Jr. and his fiancée Kimberly Guilfoyle are both equal investors
PublicSq is now a publicly traded company on the NYSE
According to its leadership, PublicSq has been in the top five on the Apple app store multiple times and achieved over one million members from its national launch last July.
Last month, DailyMail.com reported that the marketplace nearly doubled its number of users since consumers started to boycott Bud Light for its promotional tie-in with transgender social medial star Dylan Mulvaney.
It recorded slightly more than one million active consumers on May 31, according to data submitted to the U.S. Securities and Exchange Commission, compared with about 560,000 on March 31.
Founder Seifert said: 'The past few months have shown that tens of millions of Americans are eager for companies that share their values.
'PublicSq connects freedom-loving Americans with businesses that respect them.'
Their aim is to build a 'parallel economy' where consumers do not have to buy anything from vendors whose political values don't align with their own.
'Connecting freedom-loving Americans with the businesses that share their values,' it says on its website.
The launch of PublicSq comes as leading conservative voices have stepped up their 'war on woke,' condemning investment firms who promise to include environmental, social and governance (ESG) factors when they make decisions.
Source: Daily Mail
