Forge Global
From AltData.wiki, The Alternative Data Encyclopedia
Forge Global is a United States private-markets company that operates secondary-market services for shares in privately held companies and produces data, prices, benchmarks, and research derived partly from that market activity. Its offerings include Forge Marketplace for eligible individual investors, Forge Pro for institutions, Forge Data, Forge Price, private-market indices, company liquidity programs, and self-directed retirement-account services.[1]
The live website blocked automated access during review, so the product description is based on an Internet Archive capture dated August 12, 2026; the Wayback availability service confirms that capture.[1][2] The U.S. Securities and Exchange Commission identifies Forge Global Holdings, Inc. under CIK 0001827821 and lists a San Francisco business address.[3] EDGAR also shows merger-related filings in late 2025 and termination of Exchange Act registration in March 2026.[3][4]
Marketplace and Services
Forge connects eligible holders and buyers of private-company securities. Employee shareholders can explore potential sales, accredited investors can browse investment opportunities, institutions can use Forge Pro, and private companies can arrange tender offers or customized liquidity programs.[1] Transactions remain subject to eligibility, issuer restrictions, securities law, availability of counterparties, and the terms of a particular security.[1]
The archived site also presents Forge Trust for self-directed individual retirement accounts and separate advisory and lending affiliates.[1] Forge warns that private securities are speculative, highly illiquid, unsuitable for some investors, and capable of producing a total loss.[1]
Data and Methodology
Forge Price is an indicative per-share data point calculated daily for approximately 200 pre-IPO companies.[1] Forge's disclosure says it draws on secondary activity from the Forge platform, other private-market trading platforms, and publicly available information. It may use very few inputs and is not necessarily a price at which a security can be bought or sold.[1]
The site also displays last funding-round information, market-activity classifications, and last closed trades. Its disclosure says post-money valuations may be estimated from company-submitted certificates of incorporation, and a displayed closed-trade date can occur weeks after the parties agreed terms.[1] These qualifications are material because private securities trade infrequently and different share classes or fund interests can have different economics.[1]
Data and Index Products
Forge Data is a web application for private-market analysis, while Forge Price supplies frequent indicative pricing.[1] The Forge Private Market Index is described as a benchmark for actively traded private companies. The Forge Accuidity Private Market Index tracks more than 60 late-stage, venture-backed United States companies and is paired with an investable product restricted to qualified purchasers.[1]
Forge also presents thematic baskets, private-market reports, an investment outlook, market updates, and an annual technology IPO calendar.[1] These products serve different purposes: an indicative price, a benchmark, and an investable basket are not interchangeable, and each has its own construction, eligibility, liquidity, and licensing considerations.[1]
Buyers and Use Cases
Intended users include accredited and angel investors, employee shareholders, asset managers, hedge funds, family offices, venture-capital firms, wealth managers, registered investment advisers, and private companies.[1] Use cases include seeking liquidity for vested shares, finding secondary investment opportunities, observing indicative prices, comparing private-market performance, and administering company-sponsored liquidity programs.[1]
Data from Forge's own venue may provide information unavailable from public exchanges, but it reflects a selective and illiquid market. Forge states that it does not audit or independently verify all information used in Forge Price and does not guarantee accuracy, completeness, timeliness, or availability.[1] Users should corroborate material information with issuer documents and professional advice.[1]
Corporate and Regulatory Context
The archived official site says brokerage is provided through Forge Securities LLC, a FINRA and SIPC member; investment-advisory activity through Forge Global Advisors LLC; trust services through Forge Trust Co.; and lending through Forge Lending LLC.[1] The same capture links Forge Securities to FINRA BrokerCheck firm number 134596.[1]
EDGAR classifies Forge Global Holdings, Inc. under security and commodity brokers, dealers, exchanges, and services.[3] Its filing list includes a definitive merger proxy filed December 15, 2025, a current report covering acquisition completion and related matters filed March 2, 2026, and a Form 15-12G filed March 12, 2026.[3][4] These records establish a corporate transaction and reporting-status change, while the August 2026 archived site shows the Forge products continuing to be marketed afterward.[1][2]