Trump Jr. is a board member, shareholder and adviser for GrabAGun and rang the opening bell at the NYSE as the company went public.
The gun stock backed by Donald Trump Jr., GrabAGun, fizzled this week after making its New York Stock Exchange debut to great fanfare on Wednesday, going down a little less than 1.1 percent by the time markets closed on Friday.
The S&P 500 closed down less than 0.1 percent after setting its all-time high the day before. The Dow Jones Industrial Average fell 0.3 percent while the Nasdaq composite edged up by less than 0.1 percent to add to its own record.Why It Matters
GrabAGun, which also sells ammunition and firearm accessories on its website, went public through a merger with the special acquisition company, or SPAC, Colombier Acquisition Corp.
The Palm Beach, Florida, company stated that the transaction generated more than $119 million, which GrabAGun said will be utilized for working capital and « other purposes to accelerate the company’s future growth. »What To Know
Trump Jr.
