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Schwab CEO on $660M Forge deal: Private markets will create new opportunities for retail investors
Youtube· 2025-11-07 00:02
Welcome back. Charles Schwab announcing this morning it will buy private markets platform Forge Global. It's a $600 million deal that values Forge at $45 a share.Forge's stock skyrocketing of course on the news, up nearly 70% today. The acquisition comes just one week after Morgan Stanley announced it was buying Equity Zen, a private markets trading platform that competes with Forge. We should also note that Forge Global does have a partnership with CNBC to provide private market data.Joining us here first ...