Forge Global Stock (FRGE) Skyrockets 65% Today: Here’s Why
Forge Global’s stock (FRGE) surged dramatically on Thursday after the company announced it would be acquired by Charles Schwab (SCHW). The acquisition agreement stipulates that Charles Schwab will purchase all outstanding shares of Forge Global for $45 each, marking a significant 72.3% premium over the stock’s closing price from the previous day.
Details of the Acquisition Agreement
The total value of the acquisition is estimated at $660 million. Both Forge Global and Charles Schwab’s Boards of Directors have expressed their support for this transaction, which is anticipated to close in the first half of 2026.
Support from Major Shareholders
- Motive Capital and Deutsche Börse, the largest holders of FRGE stock, have agreed to endorse the deal.
CEO’s Vision
Kelly Rodriques, the CEO of Forge Global, highlighted the benefits of the acquisition. He stated that Schwab’s extensive reach combined with Forge’s innovative solutions would provide private companies with enhanced access to liquidity and opportunities for growth. This merger aims to optimize the private markets for investors and companies alike.
Market Reaction
Following the acquisition announcement, Forge Global stock experienced a substantial rise of 67.08% during pre-market trading. This comes after a minor increase the previous day.
Year-to-Date Performance
- Year-to-date stock increase: 87.11%
- 12-month stock increase: 54.1%
As trading volume surged, over 677,000 shares changed hands, significantly exceeding the company’s three-month daily average of approximately 106,000 shares.
Analysts’ Consensus on Forge Global Stock
According to Wall Street analysts, Forge Global currently holds a consensus rating of “Strong Buy,” backed by three “Buy” ratings in the last three months. The average price target for FRGE stock is set at $41.33, indicating a potential upside of 58.23% from its current price.
