Forge Global Announces Forge Price, A New Standard for Pricing Pre-IPO Venture-Backed Late-Stage Companies, Now Integrated into Forge Pro and Related Data Products
26 Settembre 2024 - 2:30PM
Business Wire
Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE:
FRGE), a leading private market platform, announced today Forge
Price™, a groundbreaking pricing model for pre-IPO venture-backed
late-stage companies. This new offering will be integrated into
Forge Pro and other related data products, revolutionizing how
investors access and interpret private market valuations,
benchmarking, and indexing.
Forge Price is a derived, indicative price calculated daily for
approximately 250 pre-IPO venture-backed late-stage companies. This
innovative pricing model provides a derived price per share for
each company by synthesizing data from various sources, including
secondary market transactions, recent funding rounds, and
indications of interest on Forge.
Forge Price provides faster and more frequent pricing updates
compared to other standalone sources such as primary funding round
prices and mutual fund marks. This allows for more updated marking
of positions, valuation of portfolios, and performance measurement
in private investing. Forge believes the result is a more timely
reflection of company value and price discovery, providing a
potential competitive edge for private market participants.
“The Forge Price pricing model can unlock new product
innovations, deliver new insights, and broaden access to a larger
set of market participants,” says Howe Ng, Forge’s EVP of
Innovation and Investment Solutions. “Forge Price does exactly
that—it's Forge’s proprietary pricing model for private companies,
and we believe it’s the missing link that has the potential to
further democratize the private markets.”
Forge Price is seamlessly integrated into Forge Pro, the
Company’s institutional trading platform, and Forge customers can
access Forge Price historic data sets through methods including API
and file-based delivery. Forge Pro equips investors with advanced
analytics tools to monitor live secondary market data and execute
transactions from a single, unified platform. By incorporating
Forge Price, Forge Pro users will benefit from real-time,
actionable insights, aimed to enhance their investment process.
Forge Price marks a significant advancement in Forge’s suite of
private market offerings, providing a more up-to-date view of
company price discovery and valuations. Forge Price also serves as
the building block for financial product creations, including
thematic baskets such as the Private Market Magnificent 7, and it
is instrumental in powering Forge’s proprietary indices, such as
the Forge Private Market Index and the Forge Accuidity Private
Market Index. These indices are benchmarks for private market
performance and are used as index-based investment strategies (like
in the case of the Accuidity Megacorn Fund) to deliver low-cost,
diversified exposure to venture-backed late-stage companies.
About Forge
Forge is a leading provider of marketplace infrastructure, data
services and technology solutions for private market participants.
Forge Securities LLC is a registered broker-dealer and a Member of
FINRA that operates an alternative trading system.
Forward-Looking Statements
This press release contains “forward-looking statements,” which
generally are accompanied by words such as “believe,” “may,”
“could,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“target,” “goal,” “expect,” “should,” “would,” “plan,” “predict,”
“project,” “forecast,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict, indicate, or
relate to future events or trends or Forge’s future financial or
operating performance, or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding Forge’s beliefs regarding Forge
Price and future opportunities for Forge to expand its business.
Forward-looking statements are predictions, projections, and other
statements about future events that are based on current
expectations and assumptions and, as a result, while considered
reasonable by Forge and its management, are subject to risks and
uncertainties that may cause actual results to differ materially
from current expectations. You should carefully consider the risks
and uncertainties described in Forge’s documents filed, or to be
filed, with the SEC, including in its Quarterly Reports on Form
10-Q and Annual Reports on Form 10-K. There may be additional risks
that Forge presently does not know of or that it currently believes
are immaterial that could also cause actual results to differ
materially from those contained in the forward-looking statements.
In addition, forward-looking statements reflect Forge’s
expectations, plans, or forecasts of future events and views as of
the date of this press release. Forge anticipates that subsequent
events and developments will cause its assessments to change.
However, while Forge may elect to update these forward-looking
statements at some point in the future, Forge specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing Forge’s assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240926599111/en/
Media Contact: Lindsay Riddell press@forgeglobal.com
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