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Forge Global Holdings, Inc. (NYSE: FRGE) Downgraded Amid Acquisition News
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 $45.00 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. ...