In this article

SCHW

FRGE

Follow your favorite stocks CREATE FREE ACCOUNT

Charles Schwab on Thursday agreed to buy private shares platform Forge Global in a deal valued at $660 million as Wall Street firms seek to meet growing investor demand for access to high-growth startups.

Major financial institutions are expanding services that give clients access to private companies and liquidity in pre-IPO shares, seeking to tap rising investor demand for early exposure to fast-growing startups.

The per-share deal value of $45 represents a premium of roughly 72% over the stock's last closing price. Shares of Forge Global surged 65% in premarket trading on the news.

Some of the world's most valuable startups are choosing to stay private for longer, raising capital in priv

See Full Page