By Erin Doherty
Shares of the online firearms retailer GrabAGun — whose shareholders and board members include Donald Trump Jr. — tanked on their first day of trading on the New York Stock Exchange following a merger with a special purpose acquisition company.
GrabAGun’s stock price fell by more than 20% in trading in the hours after Trump Jr. rang the opening bell of the NYSE to cheers of “USA!” from the trading floor.
Trump Jr., the eldest son of President Donald Trump, was projected to own 300,000 shares in GrabAGun, or about 1% of the company’s stock, according to a prospectus issued in June.
“To be able to come back to the New York Stock Exchange and actually take a gun company public feels like such a vindication of all the insanity, all of the ‘woke’ nonsense that we’ve been watching and facing for the last decade in America,” Trump Jr. said on Fox Business before GrabAGun’s trading debut.
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This article originally appeared here and was republished with permission.
