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Thumzup completed a $46.5 million IPO, and Trump’s eldest son once held 350,000 shares.
On August 11, Thumzup Media Corporation (NASDAQ: TZUP) announced the pricing of its secret marketing common stock IPO, as well as the prepaid warrants for certain investors to subscribe to its common stock, with an IPO price of $10 per share.
The company expects to receive a total gross income of 46.5 million USD from this issuance, before deducting underwriting agent fees and other related expenses. This issuance is expected to be completed around August 12, 2025, subject to the satisfaction of customary trading conditions. The company plans to use the net proceeds from this issuance for the accumulation of cryptocurrency and mining equipment, working capital, and general corporate purposes.
Note: Donald Trump Jr., the eldest son of Trump, disclosed in July 2025 that he purchased 350,000 shares of Thumzup, valued at approximately $3.3 million to $4.3 million, based on the recommendation of his investment advisor. He has no operational or advisory role in the company, serving only as a shareholder.