FORGE GLOBAL HOLDINGS, INC. Accelerating Toward
the Private Market
Tipping Point
April 2024
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Disclosures
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Disclaimer
Financial Data and Use of Projections and Illustrative Presentations
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Disclaimer
Use of Non-GAAP Financial Metrics
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forward-looking basis) such as Adjusted EBITDA. These non-GAAP measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP. Reconciliations of non-GAAP measures to their most directly comparable GAAP counterparts are included in the Appendix to this presentation. Forge believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about Forge. Forge's management uses
forward-lookingnon-GAAP measures to evaluate Forge's projected financials and
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Use of Other Data
The data contained herein is derived from various internal and external sources. All of the market data in the presentation
involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions. Further, no representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. Motive and Forge assume no obligation to update the information in this presentation.
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Our vision and market opportunity
Kelly Rodriques
Chief Executive Officer
FinTech executive with more than 33 years of experience. Previously CEO of PENSCO (acq. NASDAQ:OPB), Totality (acq. NYSE:VZ) and Novo (acq. EPA:PUB)
Totality
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Today, companies stay private longer and accrue more value along the way
Median Age of | Number and Market Cap of Unicorns | |
Tech Companies at IPO (years) 1 | ||
15 years | 1200+ New Unicorns | 13% CAGR |
$4T Market Cap | ||
Private Market |
AUM 4,5 |
$13T |
9 years
8 years
6 years
2001 | 2022 | 2023 | 1980 -2023 |
1207 3 | |
($3.8T) | |
260 2 | |
($0.9T) | |
2018 | 2022 |
$7T | |
2020 | 2025E |
Disclaimer: Images provided are not current and any securities are shown for illustrative purposes only
- Source: Initial Public Offerings: Median Age of IPOs Through 2023, Jay R. Ritter, Warrington College of Business, University of Florida, February 2, 2023.
- Source: BusinessToday: A Year of Unicorns; December, 24, 2018.
- Source: CB Insights, The Complete List Of Unicorn Companies; Dec.30, 2022
- Source: Competing for Growth, 2021 edition of the Wealth and Asset Management report by Oliver Wyman with Morgan Stanley.
- E = Estimated
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Private companies can generate billions in value pre-IPO
In 12 years…
$49.6B of Value Created in Public Markets | $47B of Value Created in Private Markets |
1995 | 1997 | 2009 | 2008 | 2020 |
Company | IPO at $438M | Valuation Passes | Company | IPO at $47B |
Founded | Market Value | $50B | Founded | Market Value |
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Creating an asset class with the potential for attractive returns
Index Level | Forge Private Market Index (FPMI) vs. Public Indices |
600
500
400
300 | 207% | |||||||||||||||||||||||
145% | ||||||||||||||||||||||||
200 | 127% | |||||||||||||||||||||||
100 | ||||||||||||||||||||||||
0 |
12/31/18 | 6/30/19 | 12/31/19 | 6/30/20 | 12/31/20 | 6/30/21 | 12/31/21 | 6/30/22 | 12/31/22 | 6/30/23 | 12/31/23 | ||||||
Forge Private Market Index | SPY | QQQ | ||||||||||||||
FPMI | SPY | QQQ | ||||||||||||||
Cumulative Return | 127% | 145% | 207% | |||||||||||||
The performance of the Forge Private Market Index above does not represent the performance of any actual investment, as you cannot invest in | ||||||||||||||||
Note: Forge Index does not include transaction costs of trading in / out of underlying positions, index history Jan 2019 through April 5, 2024 | the index, but rather reflects the hypothetical growth of an investment in a basket of securities based on the Index. Read additional disclaimers | |||||||||||||||
Non-Forge Private Market Index data from Quandland Sharadar. | ||||||||||||||||
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Despite the opportunity, the private market has historically lacked…
Liquidity | Access | Transparency |
Lack of technology, volume, | Investment minimums can be | Lack of information, |
standardized processes and | prohibitively high and access to | disclosures and pricing |
documentation leads to an | private company shares is | intelligence creates |
inefficient and illiquid market | limited | uncertainty and reduces |
confidence in the market |
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Forge creates mission critical infrastructure for private markets
Provides market participants | Online trading platform that | ||
the information, intelligence | connects potential investors | ||
and insight to confidently | Data | Trading | with private company |
navigate, analyze and make | shareholders and enables them | ||
investment decisions in the | to efficiently facilitate private | ||
private market | share transactions | ||
Custody |
Non-depository trust company that enables clients to securely custody and manage non-liquid assets through a robust and user- friendly online portal
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Forge Global Holdings Inc. published this content on 27 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2024 16:40:06 UTC.
