Forge and Intercontinental Exchange collaborate to bring greater transparency to the private market with Forge Price
At Forge, our mission is to give a broader group of people the ability to buy and sell private shares in some of the world’s most innovative companies. In doing so, we endeavor to build the infrastructure, technology and data solutions that power the future of the private market.
To further our mission, today, we’re proud to announce a strategic agreement with Intercontinental Exchange (NYSE: ICE), a global leader in financial data and technology, to distribute Forge Price™—a proprietary dataset designed to bring transparency and insight to the private market.
This collaboration marks a pivotal step in bridging the gap between public and private investing. As part of the agreement, Forge Price™ will be available through ICE’s extensive global data distribution network, aligning Forge’s private market intelligence with ICE’s trusted platform used by institutions around the world.
What is Forge Price
Forge Price is a derived pricing dataset designed to provide an up-to-date, indicative view of price performance for approximately 200 venture-backed, pre-IPO companies. Using a robust methodology that incorporates recent funding round data, secondary market activity, and indications of interest, Forge Price™ offers a unique window into private company valuations—insights that have traditionally been hard to access or interpret.
“With Forge Price, institutional investors finally have a tool that helps bring the private markets into focus,” said Howe Ng, Chief Strategy Officer at Forge. “We’re thrilled to work with ICE to accelerate access to this intelligence and empower more confident decision-making.”
Enabling new use cases and financial innovation
Private market participants—from asset managers and hedge funds to VC firms and wealth managers—can use Forge Price for a wide range of critical workflows: price discovery, portfolio valuation, back-testing, asset allocation and risk management. It also creates a foundation for product innovation, including private market indices and thematic baskets, unlocking the potential for new fund structures that resemble ETFs but are tailored to private assets.
“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. ICE shares this vision for private market modernization.
“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.”
A new era for private market access
This collaboration demonstrates Forge’s commitment to building a more efficient, transparent and connected private market. By working with ICE to make Forge Price accessible at scale, we’re helping unlock the next chapter of private market participation—where data-powered insights are no longer a luxury, but increasingly the standard.
To learn more about how Forge Price is shaping the future of private market investing, visit here.
