Welcome to our dedicated page for Forge Glo Hldg news (Ticker: FRGE), a resource for investors and traders seeking the latest updates and insights on Forge Glo Hldg stock.
Forge Global Holdings Inc (FRGE) operates a leading financial technology platform specializing in private market liquidity solutions. This news hub provides investors and market participants with essential updates on corporate developments, strategic partnerships, and operational milestones.
Access authoritative coverage of FRGE's marketplace infrastructure innovations, regulatory compliance updates, and data-driven insights shaping private securities trading. Our curated news collection helps stakeholders track earnings announcements, leadership changes, and technology enhancements critical to private market transactions.
Discover comprehensive reporting on Forge Global's custody services, transaction platform upgrades, and market analysis tools. The resource serves institutional clients, accredited investors, and financial professionals seeking to monitor the company's role in advancing private capital markets.
Bookmark this page for continuous access to verified FRGE announcements and third-party analysis. Stay informed about the evolving private market landscape through Forge Global's technological advancements and financial service expansions.
Forge Global Holdings (NYSE: FRGE) has appointed Greg Lee to lead its trading and data platform business. Lee will oversee trading, execution, and go-to-market strategies for the next generation of Forge's integrated platform.
Lee brings over two decades of leadership experience in global financial institutions, specializing in electronic trading, product innovation, and market infrastructure transformation. At Paxos, as Managing Director, he developed competitive clearing solutions challenging NSCC/DTCC systems. During his time at Barclays, Lee drove significant growth in electronic and algorithmic trading while leading strategic investments in cross-asset platforms, data science, and trading technologies.
Prior to this permanent role, Lee served as a management consultant to Forge, demonstrating strategic insight and understanding of the company's vision.
Forge Global Holdings (NYSE: FRGE) has partnered with Intercontinental Exchange (NYSE: ICE) to distribute Forge Price™, a proprietary pricing dataset for private company equity. The dataset provides indicative price performance for approximately 200 venture-backed, pre-IPO companies, calculated using various inputs including funding round information, deal history, secondary market transactions, and platform interest indicators.
Through ICE's distribution channels, institutional investors can utilize Forge Price™ for private share trading price discovery, position marking, back-test analysis, asset allocation decisions, and risk exposure management. The tool also enables financial product innovation, including index and thematic basket creation, potentially facilitating ETF-like exposure to private markets.
Forge Global Holdings (NYSE: FRGE) has entered into a non-binding term sheet to acquire Accuidity Capital Management, a specialized private investment asset management firm. The initial purchase terms include $10.0 million in cash and 1.15 million shares of Forge common stock, with 483,333 shares subject to employment-related vesting.
The deal includes potential earn-out consideration of up to 1 million additional shares based on operational and revenue milestones through 2027. Accuidity manages the Megacorn Fund, the first institutionally managed index fund tracking private, late-stage growth companies through the Forge Accuidity Private Market Index.
If completed, Forge expects the acquisition to be EPS accretive, add new recurring revenue streams, and help achieve Adjusted EBITDA breakeven in 2026. The transaction remains subject to due diligence, definitive agreement, and regulatory approvals.
Forge Global Holdings (NYSE: FRGE) reported preliminary Q1 2025 results, achieving its highest revenue quarter as a public company. Total revenues less transaction-based expenses reached $24.9-25.1 million, up from $18.3 million in the previous quarter.
Key highlights include:
- Trading volume surged 132% to $692.5 million
- Marketplace revenues increased to $15.7-15.8 million from $8.4 million
- Net take rate declined to 2.3% due to client mix and large block trades
- Custodial administration fees decreased to $9.2-9.3 million from $9.8 million
- Net loss estimated at ($16.2-16.7) million
- Adjusted EBITDA loss of ($8.9-9.3) million
- Cash and equivalents totaled $93.1 million, down from $106.2 million
The company attributes the strong performance to improving market dynamics, post-election momentum, and several large institutional block trades.
Forge Global Holdings (NYSE: FRGE) has announced a 1-for-15 reverse stock split of its Common Stock, effective April 14, 2025. The split-adjusted trading will commence on April 15, 2025, on the New York Stock Exchange.
The reverse split, approved by stockholders on March 27, 2025, aims to bring the company into compliance with NYSE's minimum bid price requirement. For every 15 current shares, stockholders will receive 1 new share. The stock will continue trading under 'FRGE' with a new CUSIP number (34629L 202).
Fractional shares will be compensated in cash based on the April 11, 2025 closing price. Proportional adjustments will be made to equity incentive plans, stock options, restricted stock units, and outstanding warrants. Continental Stock Transfer & Trust Company will manage the exchange process.
Forge Global Holdings (NYSE: FRGE) has announced a groundbreaking partnership with Yahoo Finance to launch the industry's first private market hub, providing real-time pricing information for top unicorn companies. The collaboration introduces the first large-scale public-to-private company comparison tool using Forge's proprietary pricing data.
Through this initiative, investors will gain access to real-time pricing and valuation data for late-stage U.S. private companies before they go public. The platform integrates both public and private company data, allowing investors to track and compare performance of private companies that can be traded through the Forge platform.
The partnership aims to democratize private market access through Forge Price, offering unprecedented access to private market data. The service will be available to all Yahoo Finance visitors across their website and mobile apps, with plans to expand to multiple countries across Europe, the Americas, Asia and South Pacific.
Forge Global Holdings (NYSE: FRGE) has appointed Brian McDonald to its Board of Directors, including positions on its Audit and Risk Committees. McDonald brings extensive financial services experience, most recently serving as Managing Director and Head of Direct and Institutional Businesses at Morgan Stanley, where he led Morgan Stanley at Work.
Prior to Morgan Stanley, McDonald spent over 20 years at Charles Schwab as Senior Vice President, leading workplace and retail service functions. He currently serves as an Executive in Residence at TIFIN, an AI platform for asset, wealth, and insurance services, and holds board positions at two companies. McDonald's expertise spans financial technology, equity compensation, and digital business strategy.
Forge Global Holdings (NYSE: FRGE) reported its Q4 and fiscal year 2024 results, showing strong annual growth despite quarterly challenges. Total revenue less transaction-based expenses reached $78.7 million, up 13% year-over-year, driven by a 46% increase in marketplace revenues to $37.0 million.
Key annual metrics include:
- Trading volume up 73% to $1.3 billion
- Total custodial accounts up 14% to 2.38 million
- Assets under custody up 8% to $16.9 billion
- Net loss improved 26% to $67.8 million
Notable developments include the board's authorization of a $10 million share repurchase program and the launch of new products including Forge Price, Private Magnificent 7, and Forge Pro. The company ended 2024 with $105.1 million in cash and cash equivalents.
Forge Global Holdings (NYSE: FRGE), a leading global private securities marketplace, announced that CEO Kelly Rodriques will participate in a fireside chat at the Citizen JMP Technology Conference in San Francisco. The event is scheduled for March 4th, 2025, at 3:00 p.m. Eastern Time (12:00 p.m. Pacific Time). A live and archived webcast of the presentation will be available through Forge's Investor Relations website at ir.forgeglobal.com.
Forge Global Holdings (NYSE: FRGE), a leading global private securities marketplace, has announced it will release its Fourth Quarter and Full Year Fiscal 2024 Financial Results on Wednesday, March 5th, 2025. The company will host a conference call and webcast at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time following the release of its earnings materials and investor supplemental.
Interested parties can access the conference call via telephone by dialing 1 (800) 715-9871, or 1 (646) 307-1963 for international callers, using conference ID 6194475. A live and archived webcast will be available through the company's investor relations website.
