America-first marketplace PublicSq leadership and top investors celebrated the anti-woke company’s IPO by ringing the doorbell at the New York Stock Exchange.
The San Diego-based company launched nationwide in August 2022 and began trading today on the NYSE under the ticker symbol PSQH. It has attracted conservative heavyweights, including Donald Trump Jr. and former Arizona State Senate candidate Blake Masters.
CEO Michael Seifert was present at the event; donald trump jr. and his fiancee Kimberly Guilfoyle, both of whom are equal investors; Nick Ayers, former chief of staff to Vice President Mike Pence; and Omeed Malik, founder and CEO of Farvahar Parners and the main funder of PublicSq.
Leadership celebrated the doubling of its market cap value — estimated from $200 million to more than $400 million — in just a few hours after it began trading publicly.
The company, which is a self-proclaimed alternative to Amazon, is bringing in buyers who hate big “wake up” companies.
PublicSq began trading today on the New York Stock Exchange under the 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 leaders and top funders discussed investment strategy to bring in more backers by focusing on the company’s conservative “parallel economy,” which they say sets it apart from other online marketplaces.
Trump called it “amazing” to see the company connecting the “forgotten man, woman and business of this country,” which he estimates to be about 175 million people.
“So to be part of this team, to see what’s going on, to hear the success stories of the people who have been helped by the platform, even in its infancy… it’s just a very, very exciting time,” Trump continued Tuesday night.
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 “will not only allow us to buy our values and patronize those companies, but will also protect us from platforming or censorship.”
He pointed to multiple instances of the federal government collaborating with Big Tech companies to suppress Americans’ free speech — particularly conservative views.
“I just saw how much PublicSq is needed,” Masters said. It’s not just Republicans who are crying out. If you look at poll data, it’s Republicans, it’s Democrats, it’s Independents. Hardly anyone likes corporate America, just deciding to install waking values on us when we want to buy toilet paper or buy a new crib for our baby.’
He said the marketplace is an “incredible opportunity” to give people an alternative to “feel really good” about spending their dollars on products from companies that respect them.
PublicSq. founder and CEO Michael Seifert rings the ceremonial bell
donald trump jr. and his fiancee Kimberly Guilfoyle are both equal investors
PublicSq is now a publicly traded company on the NYSE
According to his leadership, PublicSq has ranked in the top five of the Apple App Store multiple times and has reached over one million members since its national launch last July.
Last month, DailyMail.com reported that the market nearly doubled its user base since consumers began boycotting Bud Light over its promotional affiliation with transgender social media star Dylan Mulvaney.
It recorded just over a million active consumers as of May 31, according to data filed with the U.S. Securities and Exchange Commission, compared to about 560,000 as of March 31.
Founder Seifert: ‘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 companies that respect them.”
Their goal is to build a “parallel economy” where consumers don’t have to buy from sellers whose political values don’t align with their own.
“Connecting freedom-loving Americans with the companies that share their values,” the website reads.
The launch of PublicSq comes as leading conservative voices have stepped up their ‘war on wake’, condemning investment firms that promise to factor environmental, social and governance (ESG) factors into their decisions.