Forge Global partners with Yahoo Finance for private market data

NEW YORK - Forge Global Holdings, Inc. (NYSE: FRGE), a prominent private securities marketplace trading at $0.69 per share, has announced a partnership with Yahoo Finance to provide real-time pricing and valuation data for late-stage U.S. private companies. This collaboration introduces a comparison tool to aid investors in analyzing private market investment opportunities against public companies. According to InvestingPro analysis, Forge’s stock appears undervalued despite facing significant market challenges, with the stock down nearly 77% over the past year.

The initiative is part of Forge’s ongoing efforts to democratize access to private market investments, allowing a broader range of investors to engage with some of the world’s leading startups before they become public. Kelly Rodriques, CEO of Forge Global, emphasized the importance of pricing transparency and financial innovation in empowering investors with diverse strategies. With a market capitalization of $131 million and revenue growth of 13.6% in the last twelve months, Forge continues to expand its market presence despite challenging conditions. InvestingPro subscribers can access 13 additional key insights about Forge’s financial health and market position.

Forge is also preparing to launch new products that will enable retail investors to gain low-cost, diversified exposure to private market shares with lower minimum investment requirements. Among these is the proposed Accuidity™s Megacorn Fund, pending SEC registration as an interval fund.

The partnership with Yahoo Finance is expected to enhance investors’ ability to access private company performance data and compare it with public market indices and benchmarks. Yahoo Finance’s private market hub will integrate this data, allowing users to track and compare private company performance within a familiar interface. Additionally, users will be able to buy and sell these private company shares through the Forge platform.

The service featuring Forge’s data will be accessible to all Yahoo Finance visitors, including those using the Yahoo Finance mobile app, and is slated for future expansion to Yahoo Finance world editions across various regions. While the company maintains strong liquidity with a current ratio of 4.74 and minimal debt, InvestingPro analysis reveals challenges in cash burn and profitability metrics that investors should monitor. Detailed analysis and comprehensive research reports are available to Pro subscribers, helping investors make informed decisions about companies like Forge in the evolving private markets space.

Forge, listed on the New York Stock Exchange under the ticker FRGE, provides marketplace infrastructure, data services, and technology solutions for private market participants. Yahoo Finance is recognized as a leading financial resource globally, drawing over 150 million visitors to its platforms.

This partnership represents a significant step for Forge in broadening investor access to the private market, which has traditionally been challenging due to the lack of accurate data. The collaboration aims to provide investors with the necessary tools and insights to stay informed and take advantage of emerging trends in the private sector.

The information in this article is based on a press release statement from Forge Global Holdings, Inc.

In other recent news, Forge Global Holdings Inc. reported its fourth-quarter earnings for 2024, revealing a slight miss on earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of -0.08, slightly below the expected -0.07, and revenue of $18.3 million, falling short of the forecasted $25.19 million. Despite these misses, Forge Global demonstrated strong performance in specific areas, with marketplace revenues and trading volume seeing significant year-over-year increases. The company’s full-year net loss improved to $67.8 million from the previous year’s $91.5 million loss, indicating effective cost management. In other developments, Forge Global’s Audit Committee approved the dismissal of Ernst & Young LLP as their auditor, appointing KPMG LLP for the fiscal year ending December 31, 2025. Additionally, financial industry veteran Brian McDonald joined Forge Global’s Board of Directors, bringing extensive experience from his roles at Morgan Stanley and Charles Schwab. These recent developments are part of Forge Global’s ongoing strategic initiatives and corporate updates.

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