Forge Global Announces Forge Price, A New Standard for Pricing Pre IPO Venture Backed Late Stage Companies, Now Integrated into Forge Pro and Related Data Products

Press Release

Forge Global Announces Forge Price, A New Standard for Pricing Pre-IPO Venture-Backed Late-Stage Companies, Now Integrated into Forge Pro and Related Data Products

SAN FRANCISCO, September 26, 2024 - Forge Global Holdings, Inc. ("Forge," or the "Company") (NYSE: FRGE), a leading private market platform, announces today Forge Price™, a groundbreaking pricing model for pre-IPO venture-backed late-stage companies. This new offering will be integrated into Forge Pro and other related data products, revolutionizing how investors access and interpret private market valuations, benchmarking, and indexing.

Forge Price is a derived, indicative price calculated daily for approximately 250 pre-IPO venture-backed late-stage companies. This innovative pricing model provides a derived price per share for each company by synthesizing data from various sources, including secondary market transactions, recent funding rounds, and indications of interest on Forge.

Forge Price provides faster and more frequent pricing updates compared to other standalone sources such as primary funding round prices and mutual fund marks. This allows for more updated marking of positions, valuation of portfolios, and performance measurement in private investing. Forge believes the result is a more timely reflection of company value and price discovery, providing a potential competitive edge for private market participants.

"The Forge Price pricing model can unlock new product innovations, deliver new insights, and broaden access to a larger set of market participants," says Howe Ng, Forge's EVP of Innovation and Investment Solutions. "Forge Price does exactly that-it's Forge's proprietary pricing model for private companies, and we believe it's the missing link that has the potential to further democratize the private markets."

Forge Price is seamlessly integrated into Forge Pro, the Company's institutional trading platform, and Forge customers can access Forge Price historic data sets through methods including API and file-based delivery. Forge Pro equips investors with advanced analytics tools to monitor live secondary market data and execute transactions from a single, unified platform. By incorporating Forge Price, Forge Pro users will benefit from real-time, actionable insights, aimed to enhance their investment process.

Forge Price marks a significant advancement in Forge's suite of private market offerings, providing a more up-to-date view of company price discovery and valuations. Forge Price also serves as the building block for financial product creations, including thematic baskets such as the Private Market Magnificent 7, and it is instrumental in powering Forge's proprietary indices, such as the Forge Private Market Index and the Forge Accuidity Private Market Index. These indices are benchmarks for private market performance and are used as index-based investment strategies (like in the case of the Accuidity Megacorn Fund) to deliver low-cost, diversified exposure to venture-backed late-stage companies.

About Forge

Forge is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. Forge Securities LLC is a registered broker-dealer and a Member of FINRA that operates an alternative trading system.

Forward-Looking Statements

This press release contains "forward-looking statements," which generally are accompanied by words such as "believe," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "target," "goal," "expect," "should," "would," "plan," "predict," "project," "forecast," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict, indicate, or relate to future events or trends or Forge's future financial or operating performance, or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Forge's beliefs regarding Forge Price and future opportunities for Forge to expand its business. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, while considered reasonable by Forge and its management, are subject to risks and uncertainties that may cause actual results to differ materially from current expectations. You should carefully consider the risks and uncertainties described in Forge's documents filed, or to be filed, with the SEC, including in its Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. There may be additional risks that Forge presently does not know of or that it currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect Forge's expectations, plans, or forecasts of future events and views as of the date of this press release. Forge anticipates that subsequent events and developments will cause its assessments to change. However, while Forge may elect to update these forward-looking statements at some point in the future, Forge specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Forge's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.