LATEST NEWS: Investors flock to #AI companies as “the Great Reset” unfolds. AI is seemingly everywhere, and it appears to be driving significant investor interest in the private market. Investor sentiment is shifting, and it’s showing in Forge’s #privatemarket data. Explore our June Private Market Update to access Forge Data showcasing how private companies traded at a median -31% discount in May, the best number in two years. Read more at https://lnkd.in/ejrw_m7T #ForgeGlobal #privatemarkets #fintech #IPO
Forge
Financial Services
San Francisco, California 13,736 followers
Powering the Private Market
About us
With liquidity solutions, exclusive data and insights and a vibrant marketplace, we are powering a global private market that is transparent, accessible and seamless for companies, their employees, investors and institutions. #wearehiring
- Website
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https://www.forgeglobal.com/
External link for Forge
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2014
- Specialties
- secondary shares trading platform, private markets, fintech, invest in pre-ipo companies, secondary marketplace, private market data, private market index, and buy and sell private company shares
Locations
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Primary
4 Embarcadero Center
Floor 15
San Francisco, California 94111, US
Employees at Forge
Updates
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According to our latest Private Market Update, the Forge Private Market Index is up 1% thus far in Q2, slightly trailing the Nasdaq 100 (QQQ) but outpacing the Russell 2000 (IWM) and Renaissance IPO Index (IPO). Year-to-date, the Forge Private Market Index is up 5.2%, trailing only the S&P 500 – which is also being heavily driven by #AI names like @NVIDIA. Access more Forge Data in our June Private Market Update at https://buff.ly/3xgFZ24 " #ForgeGlobal #privatemarkets #fintech #data
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STARTUP NEWS: Beverage company, Liquid Death, could be gearing up for an IPO soon with its valuation approximately doubling from October 2022 to March 2024. Liquid Death’s Forge Price has risen 13% in the last year, and last July, The Information reported that the company hired Goldman Sachs to prepare for an IPO but investors are still awaiting firmed-up plans. Read more at https://lnkd.in/ek56gBUC #ForgeGlobal #privatemarkets #IPO #startup
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Last month, there were 232 unique companies with sell-side indications of interest (IOIs) on Forge – an all-time high that suggests a new supply of private companies coming to market for investors to consider. Read more in our latest Private Market Update at https://buff.ly/3xgFZ24 #ForgeGlobal #privatemarkets #fintech #data
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While our Forge Data shows that in May there was an all-time high number of companies with sell-side indications of interest (IOIs) on Forge's platform, the distribution of buy and sell IOIs on Forge shifted slightly. After three months of being tilted toward the buy-side, Forge saw more sell-side demand in May, and the market sits potentially closer to equilibrium. Stay up-to-date with our June Private Market Update at https://buff.ly/3xgFZ24 #ForgeGlobal #privatemarkets #fintech #data
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In May, private companies on Forge Markets traded at a median discount of -31%, which represents the smallest discount in two years. This upward shift is driven heavily by a change in the mix of private companies trading on Forge Global. Investors are pursuing a new crop of companies, many with an #AI focus. These newer issuers are more likely to trade at smaller discounts, or even premiums to their primary valuation, which is more likely to be recently set. Access more Forge Data in our June Private Market Update at https://lnkd.in/ejrw_m7T #ForgeGlobal #privatemarkets #fintech #data
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Recently, Forge's EVP of Innovation & Investment Solutions, Howe Ng, was featured in a CNBC article by Bob Pisani. Howe shared his insights on the high investor demand for AI-themed IPOs, noting that many #AI firms are choosing to stay private longer and how secondary markets may provide solutions. Read the full article at https://lnkd.in/evknNyKb #ForgeGlobal #privatemarkets #CNBC #IPO
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STARTUP NEWS: Databricks, a leading privately held data analytics company, is acquiring data-management startup Tabular (now part of Databricks). According to The Wall Street Journal, this deal is expected to close before the end of July, and most of Tabular’s team--about 40 employees--will join Databricks. Founded in 2014, San Francisco-based Databricks’ Forge Price™ is $68.07 as of June 6, 2024, implying a valuation of $39.84 billion. The company is backed by over a dozen big-name investors including Amazon Web Services, Andreessen Horowitz, BlackRock, ClearBridge Investments, Coatue Management, Fidelity, and Franklin Templeton. Read more at https://lnkd.in/eSAHME6M #ForgeGlobal #privatemarkets #startups #techstartup
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Forge CEO, Kelly Rodriques, recently joined Bob Pisani on CNBC to share his insights on how investors can gain access to private companies and the impact of indexing in the private market. Watch the full interview at https://lnkd.in/eFKx53kT #ForgeGlobal #privatemarkets #CNBC #fintech #investors
Watch Forge CEO, Kelly Rodriques, on CNBC discussing the first private market index
cnbc.com
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Latest #Startup News: Three high-profile startups have recently filed paperwork for initial public offerings. Tempus AI, Rapport Therapeutics, and OneStream Software are among the latest private companies to take this step toward becoming publicly traded entities. Read more on the latest in startups at https://lnkd.in/eKK7W4-c #ForgeGlobal #privatemarkets #startups #IPO