Forge Global jumps as Charles Schwab to acquire co in $660 million deal

Charles Schwab

06/11/2025 13:05

** Shares of Forge Global FRGE.N surge 66.9% to $43.6 premarket as Charles Schwab SCHW.N agrees to acquire the private shares platform in $660 mln deal

** Stock set to open at its highest in over 19 months, if gains hold

** SCHW to pay $45 per Forge share, representing a ~72% premium to FRGE's last closing price of $26.12; deal expected to close in 1H26

** As of last close, FRGE has a market cap of nearly $355.3 mln, according to data compiled by LSEG

** FRGE on October 27 had said it was in discussions regarding a sale; stock up more than 56% since then

** SCHW shares dip 0.2% in low vols

** As of last close, FRGE stock up about 87% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))