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Charles Schwab to Acquire Forge Global for $660 Million

11/6/2025

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Summary

Story summary

Charles Schwab Corporation agreed to acquire Forge Global for $660 million, with closing expected in the first half of 2026.
The deal values Forge Global's shares at $45, a 72% premium over closing price.
Following the announcement, Forge Global's stock rose 67%.
Schwab's chief executive said the private market remains fragmented with growth potential.
Forge has facilitated over $17 billion in private company share transactions since going public in 2021.

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Story summary

Charles Schwab Corporation agreed to acquire Forge Global for $660 million, with closing expected in the first half of 2026.
The deal values Forge Global's shares at $45, a 72% premium over closing price.
Following the announcement, Forge Global's stock rose 67%.
Schwab's chief executive said the private market remains fragmented with growth potential.
Forge has facilitated over $17 billion in private company share transactions since going public in 2021.