Reported about 6 hours ago
Charles Schwab has announced its acquisition of Forge Global Holdings, a marketplace for pre-IPO companies, in a $660 million all-cash deal. This move enhances Schwab’s capacity to provide investors with access to shares of privately held companies and comes amid a declining trend in traditional IPOs. Both companies have seen significant stock growth this year, reflecting investor interest in alternative asset options amidst concerns over market concentration and volatility.
Source: YAHOO