Deutsche Borse partners with Forge to expand global private market platform into Europe

Private market infrastructure and market data provider Forge Global Holdings has announced plans to enter the European market through a strategic partnership with Deutsche Borse. Leveraging the Deutsche Borse network, the two companies will establish a digital marketplace for European companies and investors that provides access to Forge’s US liquidity network.

Forge Europe’s product offerings will include liquidity programs for businesses, a digital marketplace bringing together buyers and sellers, and exclusive private market data.

Forge Europe’s product offerings will include liquidity programs for businesses, a digital marketplace bringing together buyers and sellers, and exclusive private market data.

The private market in Europe has shown remarkable growth in recent years. More than 650 unicorn and pre-unicorn companies with a combined market capitalization of more than €625 billion are fueling growing investor demand for access to the thriving private market asset class. However, as private markets mature in the region, structural challenges remain, including a lack of liquidity, investor access, transparent price discovery, and digitization.szed transaction facilitation.

In the US to date, Forge has facilitated more than $12 billion in transaction volume, with more than $600 million in transaction volume coming from European investors and companies, a precedent that could bode well for the future. European market growth.

“The growing interest in private market investing and growing need for liquidity by private growth companies transcends geographic boundaries,” said Forge CEO Kelly Rodriques. “As the European population of high-growth technology companies continues to grow rapidly, creating an efficient and trusted private market that can meet the needs of those companies and investors in a complex regulatory landscape is a challenge that Forge is facing. unique position to solve. With our innovative technology platform, credible experience and private market expertise, and with a strategic partner in Deutsche Börse who understands local market requirements and how to run a scaled and regulated market infrastructure, we believe Forge Europe can provide European participants the benefits of a liquid market. global, transparent and efficient private market”.

As a strategic partner of Forge Europe, Deutsche Börse will further leverage its growth ecosystem, including its network of private European growth companies and international investors, and will contribute a substantial minority investment in Forge Europe.

“Investment in private markets has grown significantly in Europe over the last decade, with record investment in growth companies last year. Forge impresses with his renowned experience in the private market. Deutsche Börse stands out for its ability to operate a scalable and reliable market infrastructure and has established an extensive capital markets ecosystem. Together, we will be the first in Europe to build a reliable, efficient and technology-driven global private market platform. This is how we will address the liquidity needs of growth companies and venture investors,” said Eric Leupold, Managing Director of Deutsche Börse’s Cash Market business. “For us at Deutsche Börse, this is a promising opportunity to expand into a new asset class with high potential.”

Headquartered in Berlin, Forge Europe plans to launch in mid-2023 in Germany, the UK and France, before expanding to the rest of Europe.

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