Index Fund for Private Firms Makes it Easier to Bet on Unicorns [BNN Bloomberg (Canada)]
Forge Global Holdings, Inc. (FRGE)
Company Research
Source: BNN Bloomberg
There's an index fund for that. Forge Global Holdings Inc. partnered with Boston-based asset manager Accuidity LLC to launch on Tuesday the first fund based on an index that tracks the performance of 60 of the most liquid late-stage, venture-backed private companies including SpaceX, Cerebras Systems Inc. and Databricks Inc., according to the San Francisco-headquartered infrastructure and data provider. The Forge Accuidity Private Market Index Fund, announced in December, lets accredited investors spread the risk of investing in unlisted firms, which can be less transparent about their finances than public companies. With the market for initial public offerings having slumped in recent years, investors are keen to capture the growth that many such private firms have been steadily delivering ahead of potential listings. “Companies used to go public much earlier in their life cycle and they're now staying private for longer, keeping the access out of the public market,” Accuidity
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FRGE
News
- Forge Global Holdings, Inc. to Report First Quarter 2024 Financial Results on May 7th, 2024Business Wire
- Destiny CEO Calls Private-Tech Fund's Meme-Like Surge a ‘Discovery Process' [Yahoo! Finance]Yahoo! Finance
- Destiny CEO Calls Private-Tech Fund's Meme-Like Surge a ‘Discovery Process' [BNN Bloomberg (Canada)]BNN Bloomberg
- Forge Global Holdings, Inc. (NYSE: FRGE) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $7.00 price target on the stock.MarketBeat
- Forge Global's Private Market Index to be Tracked by Accuidity Strategy, Offering Diversified Exposure to Late-Stage Companies [Yahoo! Finance]Yahoo! Finance
FRGE
Earnings
- 3/26/24 - Miss
FRGE
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- 4/25/24 - Form ARS
- FRGE's page on the SEC website