Crypto ‘Secondaries' Prices Jump as Expectations of IPOs Climb [BNN Bloomberg (Canada)]
Forge Global Holdings, Inc. (FRGE)
Company Research
Source: BNN Bloomberg
Equity in companies such as stablecoin issuer Circle Internet Financial, crypto exchange Kraken and blockchain forensics provider Chainalysis has been trading more actively recently, and many of the deep discounts of a year ago have declined, according to multiple trading venues. Crypto buy-side demand in the first half of 2024 is 28% higher than it was in the second half of last year, and 126% higher than in the first half of 2023, according to Forge Global, a secondary market platform. Prices on so-called secondaries — shares or tokens held by former or current employees or early investors — have increased along with demand. Implied prices for equity in the crypto exchange Kraken are up 77% year-to-date, while crypto firm Ripple has seen a 13% appreciation, and blockchain forensics provider Chainalysis's is up 17%, according to Forge's platform activity. “There's pretty strong individual investor demand,” said Andrew Saeta, co-head of institutional sales at Forge. “On the insti
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News
- Forge Global Announces Forge Price, A New Standard for Pricing Pre-IPO Venture-Backed Late-Stage Companies, Now Integrated into Forge Pro and Related Data ProductsBusiness Wire
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- Forge Global Holdings, Inc. (NYSE: FRGE) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $3.00 price target on the stock.MarketBeat
- Forge Global CEO to Participate in a Fireside Chat at the Oppenheimer 27th Annual Technology, Internet & Communications ConferenceBusiness Wire
- Forge Global Holdings Second Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
FRGE
Earnings
- 8/7/24 - Beat
FRGE
Sec Filings
- 9/26/24 - Form 8-K
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- FRGE's page on the SEC website