Zhi Tong Cai Jing·2025-11-06 13:03Group 1 - Schwab has agreed to acquire Forge Global for $45 per share, valuing the deal at $660 million, with the transaction expected to close in the first half of 2026 [1] - Following the announcement, Forge Global's stock surged by 66.54% to $43.5 in pre-market trading [1] - The trend of such acquisitions is increasing as Wall Street firms aim to meet investor demand for access to high-growth startups [1] Group 2 - Forge Global went public in 2021 through a SPAC and has seen its stock rise by 87% this year due to reports of acquisition interest [2] - The company operates a trading platform where investors have traded over $17 billion in private company stocks [2] - Schwab, with a market capitalization of approximately $170 billion, manages about $11.6 trillion in client assets, providing wealth management and financial advisory services [2]