The government plans to initiate the process of selling its stakes in two entities, a move supported by Trump's backers, which could yield tens of billions of dollars. Trump is exploring various options for the sale, including a possible merger of the entities. An AI-generated image posted by Trump hinted at a potential public listing for The Great American Mortgage Corporation. The structure of this new entity remains uncertain, especially regarding its government backstop, and will require timely action if a listing is expected by November.
Nearly two decades later, some of Trump's biggest supporters want to see them returned to the public markets, in a share sale that could generate tens of billions of dollars for the government.
On Friday, a senior administration official confirmed to Axios that the government was planning to start a process of selling down its stakes later this year.
Trump was weighing all options for how to handle the sale, including somehow combining and selling the two as one entity.
Investors will be eager to see how it's structured, and also whether it retains an explicit government backstop, as Trump has suggested it would.
Collection
[
|
...
]