Charles Schwab Expands Its Presence in Private Markets with $660M Forge Global Acquisition

Post by : Bianca Suleiman

In a significant move towards bolstering its foothold in private markets, Charles Schwab has finalized an agreement to purchase Forge Global, a private shares trading platform, for $660 million. This acquisition arrives at a time when investors are increasingly eager to access high-growth firms before they enter the public domain, highlighting a transformation in Wall Street's approach to early-stage investment opportunities.

Forge Global, which became publicly traded in 2021 following a SPAC merger, has facilitated over $17 billion in transactions related to private company shares. Schwab's offer amounts to $45 per share, representing a striking 72% premium compared to Forge's recent closing price, leading to a remarkable 67% spike in Forge's stock during morning trading.

The acquisition signals a notable trend in which firms are opting to remain private for extended durations, prompting financial entities to enhance liquidity and accessibility to pre-IPO investments. Noteworthy private entities like OpenAI, SpaceX, and Bytedance now boast valuations that compete with leading S&P 500 companies, indicating the increasing prominence of the private market.

With a market capitalization of $170 billion and $11.6 trillion in assets managed, Schwab is strategically positioned to meet the rapidly growing appetite of investors. Experts view this acquisition as a catalyst for introducing innovative product offerings while alleviating concerns over share dilution.

Expected to finalize in the first half of 2026, the transaction is being advised by J.P. Morgan Securities for Schwab, with Financial Technology Partners offering guidance to Forge's special committee.

As engagements in private markets continue to gain momentum, Schwab's acquisition emphasizes the blending of public and private investment opportunities, paving the way for investors to engage with the next wave of high-growth companies.