Forge is the largest of the new venues that have cropped up in recent years to facilitate trading in private companies. The company recently raised $150 million from investors including Wells Fargo and Temasek, the Singaporean sovereign wealth fund, CNBC learned.
“Robinhood created a really great user and customer experience for millennials to invest with,” said Kelly Rodriques, chief executive of pre-IPO marketplace Forge. “There is a whole generation of investors that are participating in the markets that weren’t there before.”
Kelly Rodriques, CEO of Forge, a marketplace for pre-IPO shares, said Coinbase has been very restrictive of employee share sales in the past and just recently started enabling secondary sales.
Kelly Rodriques discusses the public-private markets, direct listings and SPACs during 2020.
Fresh off his completed merger with SharesPost, Forge CEO Kelly Rodriques wants to build a tech-enabled trading juggernaut that attracts market participants with its data and clearing capabilities. With a combined order book of $12B and 1,100 transactions closed in Q3 ‘20, he’s off to a strong start.