智通财经网·2025-11-06 12:55Group 1 - Jiaxing Wealth Management (SCHW.US) agreed to acquire private equity trading platform Forge Global (FRGE.US) for $45 per share, valuing the transaction at $660 million [1] - Following the announcement, Forge Global's stock surged by 66.54% to $43.5 in pre-market trading [1] - The transaction is expected to be completed in the first half of 2026 [1] Group 2 - Wall Street firms are increasingly seeking to meet investor demand for access to high-growth startups, leading to more such transactions [1] - Major financial institutions are expanding their services to provide clients with access to private companies and pre-IPO stock liquidity [1] - Some of the world's most valuable startups are choosing to remain private and raise funds through private markets rather than pursuing IPOs [1][2] Group 3 - Morgan Stanley (MS.US) recently agreed to acquire private equity trading platform EquityZen, a competitor of Forge Global [2] - Forge Global went public in 2021 through a special purpose acquisition company and has seen its stock rise by 87% this year due to acquisition interest [2] - Forge Global's platform has facilitated over $17 billion in trading of private company stocks [2] Group 4 - Jiaxing Wealth Management is a traditional brokerage firm providing wealth management, securities brokerage, banking, and financial consulting services, with a market capitalization of approximately $170 billion and managing about $11.6 trillion in client assets [2]