Charles Schwab close to deal for private share exchange Forge Global
Move reflects growing investor demand for stakes in private companies as valuations soar
Move reflects growing investor demand for stakes in private companies as valuations soar

Platform for trading stakes in private start-ups went public in 2021 through reverse merger with blank cheque company

Tie-up marks push to pitch private investments to everyday investors

Private capital group has been recovering under chief Harvey Schwartz

Financial services entrepreneur wins auction that drew interest from wealthy individuals, family offices and media groups

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient

Volatility is keeping market-making desks active at a time when mergers and issuance have slowed