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Pre-IPO giants are surging. This company is reaping the rewards

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The surging fortunes of a generation of giant start-ups like Robinhood and Chime has sparked a race to create the biggest marketplace to trade shares of private companies.

One company with an early lead appears to be Forge, a San Francisco-based start-up originally backed by noted technology investors including Peter Thiel and Tim Draper.

Forge is the largest of the new venues that have cropped up in recent years to facilitate trading in private companies, including rivals like JPMorgan Chase-backed Zanbato and EquityZen, according to Forge CEO Kelly Rodriques. Forge has gone from handling roughly $700 million in trades in 2018, when he joined as CEO, to matching that volume on a quarterly…



Source cnbc.com

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