Reddit closes nearly 50% higher on 1st trading day in latest sign IPO market heating up [Fortune]
Forge Global Holdings, Inc. (FRGE)
Company Research
Source: Fortune
“Reddit and Astera are both strong green lights for the IPO market picking up. This has been something that we've been predicting,” Matt Kennedy, senior IPO strategist at Renaissance Capital, a provider of pre-IPO research that manages two IPO-focused ETFs, told Fortune. “We've had rate cuts on the horizon, stock market all-time highs—really strong debuts from tech IPOs has been the missing piece of the puzzle.” With Astera and Reddit the first major tech IPOs over the past six months, their performance will be closely watched not just by investors but by companies considering their own offerings, Kennedy explained. It may not be immediate, he added, but IPOs could start ramping up toward the end of the year. Acknowledging there's pent-up up energy for companies to go public, Andrew Saeta, managing director at secondary marketplace Forge Global, agreed that it still may be a few months before companies feel secure enough to chase an IPO—at least party because of uncertainty over
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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