Charles Schwab announced its acquisition of Forge Global Holdings for $660 million, aiming to enhance private market access through integrated services.

Transaction Overview

On November 6, 2025, The Charles Schwab Corporation (NYSE:SCHW) announced its definitive agreement to acquire Forge Global Holdings, Inc. (NYSE: FRGE) in an all-cash transaction valued at approximately $660 million. This acquisition, with a purchase price of $45.00 per share, reflects a significant premium of over 170% compared to the Company’s unaffected share price of $16.63, as well as an impressive increase of over 500% from the 52-week low.

Charles Schwab stands as a frontrunner in the financial services sector, boasting 38 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.2 million banking accounts, and a staggering $11.59 trillion in client assets. This acquisition marks a pivotal moment as Schwab seeks to enhance its capabilities in private market access.

Industry Overview

The financial services industry in the United States, particularly in the realm of investment and private equity, has experienced profound evolution in recent years.