Schwab Acquires Forge for $660M, Democratizing Private Assets
Update: 2025-11-06
Description
Charles Schwab Acquires Forge Global for $660M, Expanding Access to Private Assets: Schwabs CEO, Rick Wurster, believes this acquisition will deepen liquidity, improve transparency, and democratize access to private assets. Forges CEO, Kelly Rodriques, expects this combination to transform the private market by providing private companies with liquidity and growth options from an expanded market of qualified retail investors. This deal comes as fewer companies opt for traditional IPOs and the Trump administration works to make it easier for private companies to go public.
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