IPOs

Online marketplace Forge Global plans $2bn Spac deal

San Francisco-based Forge said it has nearly 400,000 registered users, including more than 123,000 accredited investors

Tuesday 14 September 2021 at 10:08

Forge Global, an online marketplace for buying and selling shares of private firms, plans to go public by merging with a special-purpose acquisition company.

The deal with Motive Capital values the resulting company at $2bn, the companies said. If completed, the transaction would make Forge the first dedicated trading platform for private shares to become a public company.