If you are looking to diversify your portfolio with a stake in the private securities sector, Forge Global (FRGE -0.04%) might be of interest. This fintech company helps investors buy and sell stocks before an initial public offering (IPO). So, if you're interested in buying and selling shares in private companies, you can use Forge Global's services.
But if you simply believe in the idea of providing pre-IPO trading options and want to invest in Forge Global stock itself, you can do so through your favorite brokerage instead.
Getting to know Forge Global
Forge Global operates a platform that facilitates the buying and selling of shares in private companies, connecting investors with private market opportunities. These options are normally unavailable to individual investors, earmarked for insiders and deep-pocketed investment firms instead.
In the second quarter of 2025, Forge Global had $18.1 billion of total assets under custody, managing shares of more than 600 private companies. This position makes Forge Global a significant player in the private securities market.
In November 2025, it was announced that Forge Global will be acquired by Charles Schwab (SCHW +0.68%). The deal, set to go through in the first half of 2026, has been approved by the board of directors at both companies and is valued at approximately $660 million. According to Schwab's press release about the transaction, it "will acquire all of Forge's issued and outstanding common shares for $45 cash per Common Share."
How to buy Forge Global stock
To invest in Forge Global, follow this step-by step guide.
- Open your brokerage account: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
- Search for Forge Global: Enter the ticker "FRGE" into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Is Forge Global profitable?
Forge Global entered the public market on March 22, 2022, through a special purpose acquisition company (SPAC) structure.
While Forge Global's exact financial health may evolve over time, in the second quarter of 2025, the company reported revenue of $27.6 million with a net loss of $12.4 million. Trading volume was $756.1 million in that quarter, up 77% from the prior year.
Does Forge Global pay a dividend?
Forge Global has not paid a dividend or approved a dividend payout policy.
Exchange-Traded Fund (ETF)
How to invest in Forge Global through ETFs
As of September 2025, Forge Global stock was a component of 19 exchange-traded funds (ETFs). Here are a few of the largest ETFs with Forge Global holdings.
Exchange-Traded Fund (ETF) | Number of Forge Global Shares Under Management | ETF's Net Asset Value | % Allocation of Forge Global Stock |
|---|---|---|---|
iShares Russell 2000 ETF (NYSEMKT:IWM) | 235,490 | $67.1 billion | 0.01% |
Vanguard Total Stock Market Index Fund (NYSEMKT:VTI) | 220,990 | $1.95 trillion | 0.00% |
Vanguard Extended Market Index Fund (NYSEMKT:VXF) | 113,370 | $81.5 billion | 0.00% |
iShares Russell 2000 Value ETF (NYSEMKT:IWN) | 87,960 | $11.8 billion | 0.01% |
These funds can give you some exposure to Forge Global's stock as part of a diversified strategy. It should be said, however, that this stock won't move the fund's needle very far for any of the listed ETFs since the allocation percentages are so small.
Will Forge Global's stock split?
In April 2025, Forge Global underwent a 1-for-15 reverse stock split to bring the company into compliance with the minimum bid price requirement to remain listed on the New York Stock Exchange.
Now trading at low-double-digit share prices, Forge Global is not likely to execute a standard stock split in the foreseeable future.
Is Forge Global a good investment?
It's essential to consider various factors when assessing Forge Global's investment potential. The company has been making strides in its sector, with a growing transaction volume indicating a potentially increasing market share.
The bottom line
Taking the SPAC route to market in a bearish year like the inflation-laden 2022 resulted in a volatile first-year stock chart. Forge Global's market value rose as high as $6.4 billion in the first few weeks but sank as low as $229 million in the fall.
It may not be entirely fair to measure Forge Global's long-term worth quite yet since the global inflation pressure is fresh on every investor's mind. As such, investor interest in the pre-IPO stocks Forge Global sells is running low.
Adventurous investors may see Forge Global as a potential turnaround story, in which case it makes sense to grab shares at a low price of entry. However, that idea comes with significant risk because Forge Global might fail to execute a complete recovery.
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