Forge Global Holdings, a leading provider of marketplace infrastructure, data services, and technology and investment solutions for the private market, announced an agreement with Intercontinental Exchange, a leading global provider of data and technology, to distribute Forge Price™, a novel proprietary pricing dataset for private company equity.

As part of this agreement, Forge Price™ will be distributed via ICE distribution channels together with ICE’s suite of data offerings. Forge Price™ is a derived dataset that reflects the up-to-date indicative price performance for approximately 200 venture-backed, pre-IPO companies. It is calculated based on pricing inputs from various sources, including recent funding round information, deal history, secondary market transactions, and indications of interest on the Forge platform.

“This agreement is a major milestone in our mission to bridge the gap between private and public investing,” said Howe Ng, Chief Strategy Officer at Forge. “New data insights are transforming the historically opaque private market. By working with ICE, existing and aspiring market participants can access a critical tool to better evaluate this growing asset class.”

Institutional investors can leverage Forge Price™ for price discovery when trading private company shares. They can also mark their positions, run back-test analysis, make asset allocation decisions, and manage risk exposure in a more precise and efficient way. In addition, Forge Price™ can serve as a building block for financial product innovation, including index and thematic basket creation.

“With Forge Price™, it is now possible to index the private market based on more comprehensive and meaningful pricing information and deliver the kind of low-cost, diversified exposure through fund wrappers similar to ETFs and other registered fund products,” Ng said.

“Whether someone is pricing private shares for trading, valuing positions, or allocating asset class exposure, Forge Price™ is a pricing standard that will help inform investment decisions,” said Chris Edmonds, President of Fixed Income and Data Services at ICE. “Forge’s data, now available through ICE’s global distribution network, will help bring greater transparency, and ultimately, more innovation, to the private market. We’re excited to work with Forge to help accelerate the adoption of this data.”

Source: Forge Global