Charles Schwab to Acquire Forge Global

The Charles Schwab Corporation announced it has entered into a definitive agreement to acquire Forge Global Holdings, Inc., in a transaction valued at approximately $660 million. Forge operates a premier private market platform and a leading trading marketplace through which investors have bought and sold more than $17 billion in private company shares. Forge offers qualified investors a range of direct and indirect opportunities to participate in the private markets. Its combination of a direct marketplace, private company solutions, and proprietary data helps enhance private market access and transparency for qualified investors. The company also has forthcoming interval funds which are designed to broaden access to private market exposure with lower costs and reduced minimums.