The leadership of PublicSq, America’s first marketplace, and top investors celebrated as the anti-wake company went public by ringing the bell on the New York Stock Exchange.
The San Diego-based company launched nationally in August 2022 and began trading on the New York Stock Exchange today under the ticker symbol PSQH. It has attracted conservative heavyweights, including Donald Trump Jr. and former Arizona Senate candidate Blake Masters.
The event included CEO Michael Seifert; Donald Trump Jr. and his fiancee Kimberly Guilfoyle, both equal investors; Nick Ayers, former chief of staff to Vice President Mike Pence; and Omeed Malik, founder and CEO of Farvahar Parners and lead financier of PublicSq.
Leadership celebrated doubling its market capitalization value, estimated from $200 million to over $400 million, in just a few hours of going public.
The company, which is a self-proclaimed alternative to Amazon, is attracting buyers who hate big ‘woke’ corporations.
PublicSq went public on the New York Stock Exchange today under the symbol PSQH
CEO Michael Seifert, Nick Ayers, Donald Trump Jr. and Omeed Malik outside the New York Stock Exchange
According to excerpts from an investor call obtained by DailyMail.com last week, PublicSq’s leadership and top funders discussed their investment strategy to attract more donors by targeting the company’s conservative “shadow economy,” which they say sets itself apart from other online marketplaces.
Trump called it “incredible” to see the company linking the “forgotten man, woman and business of this country,” which he estimates at about 175 million people.
“So to be a part of this team, to see what’s going on, to hear the success stories of people who have been helped by the platform, even in its early days… it’s a very, very exciting time,” Trump continued on the call Tuesday night.
The company is the “foundation of this new economy,” said Malik, who moved to Florida from New York to try to escape the country’s political and cultural divisions.
He added that PublicSq “will not only allow us to buy our securities and patronize those deals, but it will also protect us from platform or censorship.”
He pointed to several instances in which the federal government worked with big tech companies to suppress Americans’ free speech, particularly conservative views.
“I’ve just seen how badly PublicSq is needed,” Masters said. ‘It’s not just Republicans, by the way, who are crying out. If you look at the poll data, they’re Republican, Democrat, Independent. Virtually no one likes that corporate America simply decides to install wake-up values in us when we’re trying to buy toilet paper or buy a new crib for our baby.
He said the market is an “incredible opportunity” to give people an alternative to “really feel good” by spending their money 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 equal investors
PublicSq is now a publicly traded company on the New York Stock Exchange
According to his leadership, PublicSq has been in the top five on the Apple App Store multiple times and has achieved over a million members since its national launch last July.
Last month, DailyMail.com reported that the market nearly doubled in user numbers since consumers began boycotting Bud Light over its promotional link to transgender social media star Dylan Mulvaney.
It registered just over a million active consumers on May 31, according to data filed with the US 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 companies that respect them.’
His goal is to build a “parallel economy” where consumers don’t have to buy anything from sellers whose political values don’t align with their own.
‘Connecting freedom-loving Americans with companies that share their values,’ it says on its website.
PublicSq’s launch comes as leading conservative voices have intensified their ‘war on the awakening’, condemning investment firms that promise to include environmental, social and governance (ESG) factors when making decisions.