| Market Capitalization (Millions $) |
571 |
| Shares
Outstanding (Millions) |
174 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
68 |
| Net Income (TTM) (Millions $) |
-161 |
| Cash Flow (TTM) (Millions $) |
-39 |
| Capital Exp. (TTM) (Millions $) |
0 |
Forge Global Holdings Inc
Forge Global Holdings Inc is a US-based company that specializes in providing investors with liquidity and access to pre-IPO securities. It is a company that operates in the secondary market and connects buyers and sellers of private company shares. Forge was founded in 2014 by Y Combinator alumni, Sean Behr, and Kelly Rodriques. The company has its headquarters in San Francisco.
Forge Global Holdings serves as a marketplace for buyers and sellers of pre-IPO companies, including high-growth tech startups. It connects investors with companies that are not yet publicly trading, and it allows them to buy and sell shares in such companies. It is worth mentioning that only accredited investors are allowed to trade on the Forge platform.
The company serves two main types of clients, private company employees and accredited investors. Private company employees use its services to sell shares they own in their companies, which are not yet publicly traded. The company holds shares in escrow until a buyer is found. Accredited investors, on the other hand, use the platform to buy shares in companies that have not yet gone public. Forge also offers storage and settlement services for these transactions.
Forge Global has established itself as a leader in the secondary market for private securities, and this has allowed it to form partnerships with major players in the industry. The company has partnered with technology giants such as Nasdaq, Republic, and Sharespost, and it acquired the technology platform of Sharespost in 2020.
The company has attracted significant funding from investors, including Deutsche Börse Group, Temasek, Munich Re Ventures, BNP Paribas, and Goldman Sachs. In 2019, it raised $150 million in funding in a Series B round, which brought its total funding to $250 million.
Forge Global has demonstrated its commitment to regulatory compliance by obtaining licenses from the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). It also follows strict know-your-customer (KYC) and anti-money laundering (AML) policies to ensure the safety of transactions on its platform.
In conclusion, Forge Global Holdings Inc is a leading company in the secondary market for pre-IPO securities. The company connects buyers and sellers of private company shares, offering investors liquidity and access to high-growth tech startups. Its focus on regulatory compliance and strong partnerships with key players in the industry have helped it become a trusted platform for accredited investors worldwide.
Company Address: 415 Mission Street San Francisco 94105 CA
Company Phone Number: 881-1612 Stock Exchange / Ticker: NYSE FRGE
| FRGE is expected to report next financial results on February 29, 2024. |
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