Donald Trump’s social media firm may go public as quickly as subsequent week, paving the way in which for a probably large windfall for a former president who raked in tens of tens of millions of {dollars} the final time considered one of his firms was listed on a inventory trade.That decades-ago earlier expertise, nevertheless, didn’t finish properly for the corporate or its traders. Whereas a 2016 Washington Publish evaluate discovered that Trump remodeled $44 million, the corporate — Trump Lodges and On line casino Resorts — misplaced greater than $1 billion and ended up in chapter.This time round, there’s at the very least one similarity between the 2 ventures separated by many years. The newly merged firm that’s set to go public, Trump Media, will likely be listed on the Nasdaq inventory trade with the letters DJT, Trump’s initials. Trump Lodges and On line casino Resorts used the identical inventory ticker when it went public with nice fanfare in 1995.“It’s going public and we’re actually very completely satisfied about it,” Trump advised reporters virtually 30 years in the past. “It should be a fantastic day.” The Atlantic Metropolis, N.J., firm misplaced cash yearly, however its inventory costs did properly — for a time. Within the preliminary public providing, the corporate raised $140 million, promoting 10 million shares at $14 every.By 1996, the inventory reached a excessive of $35 a share earlier than plummeting later that yr, partly as a result of the corporate purchased one other on line casino for $100 million greater than its estimated $400 million worth, The New York Instances reported in 2016.The corporate, in the meantime, saved bleeding money. The yr the inventory peaked, it misplaced $66 million. In 1999, it misplaced $134 million. And in 2004 — when the corporate filed for Chapter 11 chapter safety and was delisted from the New York Inventory Change — it misplaced $191 million, in keeping with a CNBC evaluate.A spokesman for Trump’s marketing campaign didn’t return a request for remark.Trump, who was the corporate’s chairman and later CEO, continued making tens of millions of {dollars} a yr in wage and bonuses regardless of the heavy losses.The enterprise helped pay for facets of his famously lavish way of life, together with spending over $6 million to entertain friends on his aircraft and golf programs, in keeping with The Washington Publish report. He additionally used firm money to purchase Trump-branded merchandise, together with $1.2 million on Trump Ice bottled water, the report mentioned.Trump’s new enterprise is centered on his social media platform, Reality Social. Shareholders in an organization known as Digital World Acquisition Corp. voted Friday to approve a merger with Trump Media & Expertise Group, the non-public agency that owns Reality Social. RecommendedUnder the merged firm, Trump would have almost 80 million shares, price round $3 billion. DWAC shares on Friday closed almost 14% decrease than their opening worth.The approaching IPO comes because the presumptive GOP presidential nominee is experiencing a really public money crunch. Earlier this month he posted a $91 million bond to pause author E. Jean Carroll’s defamation award towards him whereas he appeals it.Trump has additionally been making an attempt to get a bond for the same pause on New York Lawyer Basic Letitia James’ $464 million civil fraud award towards him, his firms and co-defendants. His legal professionals have advised an appeals court docket that he does not have sufficient money available to safe such a bond.If he doesn’t publish a bond by Monday and an appeals court docket does not intervene, James will likely be licensed to begin seizing his property. In the meantime, in a Reality Social publish on Friday, Trump mentioned, “Via onerous work, expertise, and luck, I at present have virtually 5 hundred million {dollars} in money, a considerable quantity of which I meant to make use of in my marketing campaign for president,” indicating he has the means to acquire a bond.It is unclear when precisely Trump would have the ability to money in on the upcoming itemizing for his social media firm. Beneath the deal’s phrases, Trump is prohibited from promoting shares within the merged firm for at the very least six months. However the board of administrators, which can probably embrace his eldest son, Donald Trump Jr., may vote to permit the previous president to promote shares sooner than that.Dareh Gregorian is a politics reporter for NBC Information.Dan Mangan, CNBC contributed.