Charles Schwab to buy private shares platform Forge Global in $660 million deal

Core Insights - Financial services giant Charles Schwab has agreed to acquire Forge Global, a platform for trading shares of pre-IPO companies, in a deal valued at $660 million [1] Company Summary - The acquisition of Forge Global by Charles Schwab signifies a strategic move to enhance its offerings in the pre-IPO market [1] - The deal is valued at $660 million, indicating a significant investment by Charles Schwab in expanding its trading capabilities [1] Industry Summary - The acquisition reflects a growing trend in the financial services industry towards facilitating access to pre-IPO investments [1] - By integrating Forge Global, Charles Schwab aims to position itself competitively in the evolving landscape of private equity and pre-IPO trading [1]