Truth Social going public net Trump estimated 2 to 4 BILLION

[Goalpost]

There are plenty of companies listed that are not profitable. A good example would be Uber which just became profitable after many years.

Uber Technologies Annual EPS
2023 $0.87
2022 $-4.65
2021 $-0.29
2020 $-3.86
2019 $-6.81
2018 $2.08
2017 $-9.46
2016 $-0.90

Snowflake has a 53 billion dollar market cap, makes no money, and is priced at $160 per share.
MongoDB makes no money and prices at $356 per share.

It's all based on a business plan where investors are patient to wait for profit.