Charles Schwab close to $600 million deal to buy Forge Global, FT reports

Core Insights - Charles Schwab is set to announce a deal to acquire private share marketplace Forge Global, with the transaction valued at $600 million [1] Company Summary - The acquisition of Forge Global by Charles Schwab indicates a strategic move to enhance its offerings in the private equity and alternative investment space [1] - The deal reflects a growing trend among financial institutions to expand their capabilities in private markets, which have seen increased interest from investors [1] Industry Summary - The private share marketplace is gaining traction as more investors seek access to private equity opportunities, highlighting a shift in investment strategies [1] - The valuation of $600 million for Forge Global underscores the competitive landscape in the private market sector, where companies are vying for market share and innovative solutions [1]