Earlier today Chinese President Xi Jinping announced the initial public offering of the Chinese owned company, United States Democratic Party. The political party will trade on the NYSE under the symbol DEMZ. The offering is forecast to raise $666 Billion priced at $6.66 per share.
In 2005 Jinping and China partnered with Silicon Valley venture capital firm TBillsR-US to purchase the struggling United States Democratic Party. Democratic National Committee board members kept the deal under the radar with non-disclosure agreements all the way around for fear of spooking the donors among its liberal upper middle class base of funding.
The recent election of Joe Biden and Kamala Harris released all parties from the NDA’s and Biden with Jinping celebrated their entry into the stock market. Jinping and TBillsR-US will remain majority shareholders as board members with holdings of 95% of Class A Stock and 60% of Class B. Joe Biden will serve as President of the company but will have only a limited leadership role taking direction from the board led by Jinping.