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Forge Global Holdings, Inc. reports developments in private-market infrastructure, including marketplace services, data services, technology and investment solutions for private market participants. Company announcements describe Forge Securities LLC, a FINRA-member registered broker-dealer that operates an alternative trading system, as well as Forge Europe UK Ltd's role as a Registered Auction Agent on the London Stock Exchange's Private Securities Market.
Recurring FRGE updates also cover operating and financial results, regulated private-market infrastructure, material agreements, shareholder voting matters, governance developments and capital-structure disclosures tied to the company's public-company history.
Forge Global Holdings (NYSE: FRGE) has identified the Private Magnificent 7, a group of high-performing unicorns driving the U.S. innovation economy. These companies, including SpaceX, OpenAI, Stripe, Databricks, Fanatics, Scale AI, and Rippling, have shown superior growth and resilience during the recent market cycle. Spanning sectors like AI, Aerospace, Fintech, and Enterprise Software, they collectively account for $473 billion in implied valuation.
The Private Magnificent 7 has outperformed its public market counterpart by 16.9% in the 12-month period ending August 31, 2024, with a price performance increase of 55.3% compared to the public Magnificent 7's 38.4%. Forge's proprietary pricing model, Forge Price, was used to identify these companies based on criteria including size, share price performance, and market leadership.
Forge Global Holdings (NYSE: FRGE), a leading private securities marketplace, has announced that its CEO, Kelly Rodriques, will participate in a fireside chat at the Oppenheimer 27th Annual Technology, Internet & Communications Virtual Conference. The event is scheduled for Wednesday, August 14, 2024, at 12:25pm Eastern Time.
Investors and interested parties can access a live and archived webcast of the presentation from the 'Events & Presentations' section of Forge's Investor Relations website at https://ir.forgeglobal.com/. This virtual participation underscores Forge's commitment to engaging with the investment community and sharing insights about its role in the private securities market.
Forge Global Holdings (NYSE: FRGE) reported strong Q2 2024 results, with total revenue less transaction-based expenses increasing 15% quarter-over-quarter to $22.0 million. Marketplace revenues surged 35% to $11.4 million, while trading volume jumped 62% to $426.3 million. Despite these gains, the company still recorded a net loss of $14.0 million. To improve profitability, Forge announced planned expense reductions expected to save $11.3 million annually, including an 11% headcount reduction. The company also highlighted the adoption of its Private Market Index by Accuidity and its expansion into Europe. With $120.5 million in cash, Forge aims to accelerate its path to profitability while capitalizing on the reawakening private securities market.
Forge Global Holdings, Inc. (NYSE: FRGE), a leading provider of marketplace infrastructure, data services, and technology solutions for private market participants, has announced it will advance its Second Quarter Fiscal Year 2024 Financial Results call by 30 minutes. The conference call and webcast will now take place on Wednesday, August 7th, 2024, at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time.
Interested parties can access the conference via telephone by dialing 1 (800) 715-9871 or 1 (646) 307-1963 for callers outside the United States, using the conference ID 6194475 or Forge Global. A live and archived webcast of the call will be available at https://events.q4inc.com/attendee/346436016 or from the 'Events & Presentations' section of Forge's Investor Relations website.
Forge Global Holdings (NYSE: FRGE), a leading provider of marketplace infrastructure, data services, and technology solutions for private market participants, has announced its upcoming Second Quarter Fiscal Year 2024 Financial Results report. The report will be released on Wednesday, August 7th, 2024, followed by a conference call and webcast at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.
Interested parties can access the conference call via telephone by dialing 1 (800) 715-9871 or 1 (646) 307-1963 for international callers, using the conference ID 6194475 or Forge Global. A live and archived webcast will be available at https://events.q4inc.com/attendee/346436016 or through Forge's Investor Relations website.
Forge Global Holdings, a leading private securities marketplace, announced that its CEO, Kelly Rodriques, will participate in a fireside chat at the Piper Sandler & Co. Global Exchange & Trading Conference.
The event will take place in New York, NY on Wednesday, June 5th, 2024, at 4:00 p.m. Eastern Time. A live and archived webcast of the presentation will be available on Forge's Investor Relations website.
Forge Global Holdings, a leader in the private securities marketplace, has announced that its CEO, Kelly Rodriques, will present at the William Blair 44th Annual Growth Stock Conference.
The conference will take place in Chicago, IL on Tuesday, June 4th, 2024, at 4:20 p.m. Eastern Time.
A live and archived webcast of the presentation will be available in the 'Events & Presentations' section of Forge's Investor Relations website.
The presentation is expected to address key business insights and company developments relevant to investors and stakeholders.
Forge Global Holdings (NYSE: FRGE) announced that its Chief Financial Officer, Mark Lee, and Senior Vice President of Finance and Investor Relations, Dominic Paschel, will attend the J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference. The event will take place in Boston, MA, on May 22, 2024. This participation aims to enhance visibility and investor relations within the technology, media, and communications sectors.
Forge Global Holdings, Inc. reported first quarter fiscal year 2024 results with total revenue less transaction-based expenses at $19.2 million and trading volume at $262.5 million. Net take rate was 3.2% and Forge Trust custodial cash was $481 million. Forge launched ForgePro, a milestone towards an institutional trade order management system. The company showed revenue improvement and operating loss compared to the previous quarter.
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