Charles Schwab to Acquire Forge Global Holdings for $660 Million
The U.S. brokerage plans to purchase the pre-IPO marketplace in a deal valued at $660 million, marking an expansion into private company investment services.
Summary
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Terms & Concepts
Pre-IPO: Refers to shares or investments in a company before it becomes publicly traded through an initial public offering.
Marketplace for Pre-IPO Companies: A trading platform where investors can buy and sell shares of private companies before they go public.