Forge Global surges on report Charles Schwab likely to buy co

Charles Schwab

05/11/2025 23:21

** Shares in Forge Global FRGE.N up 54% at $39 after bell

** Charles Schwab SCHW.N expected to announce deal to acquire private share exchange with offer valued at as much as $600 mln, FT reports, citing two sources

** Schwab set to pay as much as $45 per share for FRGE

** SCHW, FRGE did not immediately respond to Reuters requests for comment

** Shares up ~87% so far this year

(Reporting by Prerna Bedi in Bengaluru)

((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))