Why Did Forge Global Stock Rocket 66% Pre-Market Today?

• Charles Schwab has agreed to acquire Forge in a deal valued at roughly $660 million.
• Under the agreement, Schwab will purchase all outstanding shares of Forge for $45 each in cash.
• Forge operates one of the leading platforms for buying and selling shares in private companies.

Forge Global Holdings Inc.(FRGE) stock skyrocketed over 66% in Thursday’s premarket after Charles Schwab Corp. (SCHW) agreed to acquire the company in a deal valued at roughly $660 million. 

Under the agreement, Schwab will purchase all outstanding shares of Forge for $45 each in cash. 

Strategic Expansion Into Private Markets

Forge operates one of the leading platforms for buying and selling private company shares, facilitating over $17 billion in transactions to date. 

The company connects qualified investors with opportunities in private markets through its trading system, data tools, and private company solutions. It also plans to launch interval funds, making private market investing more accessible with a lower entry threshold.

On Stocktwits, retail sentiment around Forge stock jumped to ‘extremely bullish’ from ‘neutral’ territory the previous day amid ‘extremely high’ message volume levels.  

“Through Forge’s leading marketplace, we’re uniquely positioned to deepen liquidity, improve transparency, and further democratize access to this increasingly important source of wealth creation for investors.”

-Rick Wurster, President And CEO, Charles Schwab

Creating a Unified Platform

Schwab and Forge plan to combine their private stock management and liquidity services into one connected platform that serves all users. With this deal, Schwab aims to use Forge’s more than 10 years of experience helping private firms raise funds.

“This combination will transform how the private market works,” said Kelly Rodriques, CEO of Forge.

The boards of both companies have unanimously approved the deal, which is expected to close in the first half of 2026.

Forge Global stock has gained over 87% in 2025 and over 32% in the last 12 months. 

Also See: MRVL Stock Shot Up 10% Pre-Market Today: What’s The SoftBank Angle?

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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