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Forge Global Holdings, Inc. (NYSE: FRGE) Downgraded Amid Acquisition News
ForgeForge(US:FRGE) Financial Modeling Prep·2025-11-07 11:06

Piper Sandler downgraded Forge Global Holdings, Inc. (NYSE: FRGE) to a Neutral rating following news of a proposed acquisition by The Charles Schwab Corporation.The proposed acquisition offers 45.00pershareincash,valuingForgeGlobalat45.00 per share in cash, valuing Forge Global at 660 million, aiming to enhance Schwab's presence in the private shares market.Forge Global's stock has seen a significant increase of 68.72%, with a current price of $44.07, amidst investigation by Halper Sadeh LLC regarding the fairness of the sale to Charles Schwab. ...