Forge Global working with investment bankers to explore sale, FT says

Forge Global (FRGE), operator of a platform for trading stakes in private start-ups, is exploring a sale after its market value plunged and its cash reserves dwindled, people familiar with the matter told Financial Times’ Sujeet Indap and Ivan Levingston. Forge, which is expected to attract interest from rival marketplaces as well as large financial institutions, is working with investment bankers at the fintech specialist boutique firm Financial Technology Partners on a possible sale, the report said. Forge shares are up 9% to $18.15 after FT’s report.