Forge Global more than doubles in market debut after de-SPAC

Forge Global Holdings

22/03/2022 16:40

** Shares of private securities marketplace  FRGE.N  jump as
much as 164% to $26.7 after co's NYSE debut post SPAC merger 
    ** FRGE top pct gainer among NYSE listed stocks 
    ** Co agreed to go public through a $2 bln merger with
blank-check firm Motive Capital Corp in September last year
 urn:newsml:reuters.com:*:nL4N2QF2YS
    ** The merger, which closed on Monday, provides co with
$215.6 mln in cash proceeds; it was expected to be around $532.5
mln when deal was announced in September
    ** FRGE operates marketplace that allows people to trade in
shares of private companies

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))