Forge

LATEST NEWS: Forge Global Names the Private Magnificent 7 – the High-Performing Unicorns Driving the U.S Innovation Economy The Private Magnificent 7, which includes SpaceX, Stripe, OpenAI, Scale AI, Databricks, Rippling, and Fanatics—represents the largest, most resilient, and top-performing companies in the U.S. innovation economy. Forge CEO, Kelly Rodriques, says that “while the post-2021 market downturn was undoubtedly a challenging period for the private market, the Private Magnificent 7 proved resilient. Forge believes these companies reflect the current and emerging themes of private investing and are driving the secular growth of the U.S. innovation economy.” Stay ahead of the market—register now for access to private companies and future investment updates at https://lnkd.in/eDJ4dxcH #ForgeGlobal #privatemarkets #privatemarket #PrivateMag7 #investing

The Private Magnificent 7 spans multiple sectors ranging from Data Intelligence to Payments to HR and more. Though smaller in size, the Private Magnificent 7 has outperformed its public market counterpart by 16.9% in the 12-month period ending August 31, 2024. The select group’s price performance rose 55.3%, and in comparison, the public Magnificent 7 rose 38.4% in the same period. While the sector compositions are different between the Public and Private Magnificent 7, AI as a secular growth trend is reflected in both cohorts. Discover more about The Private Magnificent 7 at https://buff.ly/4ebyY2I #ForgeGlobal #privatemarkets #PrivateMag7 #investing

STARTUP NEWS: Three electric-vehicle battery companies, Redwood Materials, Ascend Elements, and NanoGraf Corporation are taking bold steps to advance their business prospects. Redwood Materials has a Forge Price? of $50 a share as of September 23, 2024. That gives the company an implied valuation of $5.5 billion. In the case of Ascend Elements and NanoGraf Corporation, both companies are receiving federal funding to support their initiatives in advancing battery technology, addressing the anticipated rise in demand for electric vehicles. Learn more about these #startups at https://lnkd.in/eHbid9sD #ForgeGlobal #privatemarkets #startup #fintech

Forge’s CEO, Kelly Rodriques, recently joined Yahoo Finance to discuss how the Private Magnificent 7 were selected and why they’re outperforming their public counterparts. Rodriques says, "In the last five years, we've amassed enough data to look at relative pricing so we can see what people are trying to buy and sell it for. And because we've got the actual price marks, we can look at how that price moves over time. That, combined with what the companies have disclosed about their performance, these [the Private Magnificent 7] are the biggest and best performers." Learn more about the Private Magnificent 7 at https://lnkd.in/esvfMJUe #ForgeGlobal #privatemarkets #PrivateMag7 #fintech

Last month, Forge introduced The Private Magnificent 7—a select group of companies recognized for its influence on the private market. Interested to learn more about The Private Magnificent 7? ?? The Private Magnificent 7 accounts for 25% of U.S. unicorn valuations, representing some of the most well-funded and top-performing companies in the industry. ?? Similar to the public markets, the private markets have select heavy weights that represent a disproportionate share of the market value. ?? These large players can have an outsized impact on the performance of the overall private market, as seen through the Forge Private Market Index and the Forge Accuidity Private Market Index. Learn more at https://buff.ly/4ebyY2I #ForgeGlobal #privatemarkets #privatemarket #PrivateMag7 #investing

We're proud to announce that Forge has been selected as a finalist for the Data Initiative of the Year Award at the US FinTech Awards. The #USFinTechAwards were created to recognize the outstanding achievements and innovation within the #fintech industry, and we’re honored to be acknowledged in this prestigious category. Learn more about the other finalists at https://lnkd.in/efa989A #ForgeGlobal #privatemarkets #USFinTech #fintech

Forge's Private Market Magnificent 7 is a group of seven companies which has grown larger and delivered outsized performance compared to other private, venture-backed tech unicorns. These outperformers rank among the private market’s most capitalized, resilient, and well-known private companies powering the innovation economy today. According to Forge Data, The Private Market Magnificent 7 has an aggregate valuation of about $473 billion based on Forge Price through the end of August. Access the latest private market data on the Magnificent 7 at https://buff.ly/3XtJpat #ForgeGlobal #privatemarkets #investors #PrivateMag7

STARTUP NEWS: Rippling, a Private Market Magnificent 7 company, continues to attract significant investor interest due to its innovative product offerings and ongoing expansion. Earlier this year TechCrunch reported that the market for payroll services and remote labor management is growing and has attracted several well-financed startups such as Rippling, Gusto, Deel, and Remote. As of August 26th, Rippling's Forge Price stood at $50.00, reflecting a valuation of $15.34 billion — a notable 70% increase since the start of the year. Read more at https://lnkd.in/eyXfBzXq #ForgeGlobal #startup #startups #privatemarket #PrivateMag7

Earlier this month, Forge announced the seven companies— SpaceX, Stripe, OpenAI, Scale AI, Databricks, Rippling, and Fanatics —that were chosen to be part of the Private Magnificent 7. These companies were chosen based on key criteria, including implied valuation, performance, brand equity, and liquidity. They also demonstrated resilience throughout the Great Reset, compared to other private companies, and propped up the performance of the Private Market over the recent market cycle, much like their public market counterparts. Learn more about these private companies at https://lnkd.in/eDJ4dxcH #ForgeGlobal #privatemarkets #PrivateMag7 #stockmarket

According to Forge Data, four companies were added to the IPO pipeline in August, all in the Healthcare sector. BioAge Labs, Bicara Therapeutics, Ceribell │ AI-Powered Point-of-Care EEG, and MBX Biosciences, Inc. all filed their S-1s with the SEC and represent over $1.2 billion in market value based on their last funding round valuations. Access the latest Forge Data in our September Private Market Update at https://lnkd.in/ei7y62mC #ForgeGlobal #privatemarkets #IPO #privatecompanies