Fannie & Freddie IPO Could Be Biggest in History, Trump Floats “MAGA” Ticker As His $500B Moonshot…

Move over memecoins…

Wall Street’s about to find out what happens when you hand the keys to America’s mortgage market back to the guy who once sold steaks, vodka, and a reality show. The Trump administration is reportedly toying with the idea of unloading 5%–15% of Fannie Mae and Freddie Mac in an IPO that could raise around $30 billion in straight cash homie… (implying a valuation north of $500 billion). 

(Source: Giphy) 

For context, that would make it bigger than Saudi Aramco’s splashy 2019 debut, and about 60x the size of your average 2025 tech IPO. Translation: The IPO market is about to get a Toby Keith sized “Foot in their a$$”. 

(Source: Bloomberg) 

Now with that said, as we all know, Fannie and Freddie aren’t exactly startups. They’re the 85-year-old mortgage twins Washington took into conservatorship during the 2008 meltdown… you know, a nice euphemism for “we bailed you out, now we own your soul.” Since then, every few years Congress dusts off a “free the GSEs” plan, realizes it’s complicated, and throws it back in the junk drawer next to the national debt plan and the Epstein guest list. 

However, Trump has been taking meetings with big-bank CEOs about how to pull this off. Axios says one idea on the table is merging the two into The Great American Mortgage Corporation, ticker symbol “MAGA.” Over the weekend, Trump posted an AI-generated image of himself ringing the NYSE opening bell this November under that name. Translation: Trump’s gonna Trump. 

(Source: Truth Social) 

Meaning, if it happens, MAGA Mortgage wouldn’t just be a listing. It would be a campaign prop, a talking point, and a way for retail traders to claim they “own a piece of the American dream” while actually just owning a piece of a quasi-government mortgage warehouse. Additionally, a $500B+ valuation would instantly drop the new entity into the U.S. market’s top 10, right alongside trillion-dollar tech giants. But the structure is a nightmare: untangling 17 years of government control, figuring out how much backstop to leave in place, and deciding whether affordable housing mandates survive the transition. Move too far toward privatization, and mortgage rates climb. Keep too much government guarantee, and you’ve just IPO’d a publicly traded utility with a MAGA hat on. 

And yet, as a result Fannie and Freddie’s thinly traded shares jumped more than 20% Friday on the rumor, because apparently all it takes to goose a market cap by billions is the suggestion that Trump might ring a bell. Investors are betting the IPO could finally restore liquidity, attract institutional capital, and give the GSEs room to actually compete again. If it works, Trump gets the biggest IPO in U.S. history on his résumé and the Treasury pockets $30B without raising taxes. If it doesn’t, we get another 17 years of congressional hearings about “housing affordability” while mortgage rates quietly climb anyway.

(Source: Imgflip) 

Either way, the idea of “MAGA” flashing on the Nasdaq ticker next to AAPL and MSFT is exactly the kind of chaotic financial theater this market was built for. And to be honest, I’m 100% here for it. Of course, nothing is set and stone, but given the nature of it… it’s definitely worth keeping an eye on. Meaning, keep your head on the swivel and place your bets accordingly. Until next time, friends…

At the time of publishing, Stocks.News does not hold positions in companies mentioned in the article.