TLDR:
- Forge Global is working to make the secondary market for trading shares of private companies more efficient.
- They have launched Forge Pro to help institutional clients with managing trades and accessing data.
Forge Global, a marketplace for trading shares of venture-backed private companies, is aiming to make the secondary market as efficient as the one for public stocks. The company has launched Forge Pro to assist institutional clients in managing the process leading up to a trade. This includes providing access to bid-ask spreads, available shares, and the status of trades. With more than 636,000 registered users, including institutions like hedge funds and venture capital firms, Forge is working to consolidate the private transaction process onto one platform.
Despite recent fluctuations in the market, activity on Forge is increasing, with more buyers than sellers on the platform in February. The secondary market for private funds had its second-highest year ever in terms of closed transaction volume, reaching $115 billion. Although there may be fears of a recession or uncertain market conditions, interest in owning shares of private companies remains strong. Forge’s efforts to modernize the secondary market could lead to further growth and efficiency in the trading of shares of private companies.
