Investors often ask where is the market? Forge Data is a comprehensive data solution for private market investing, and a leading source of same-day pricing information for private company investors. Howe Ng, Head of Data & Analytics at Forge, walks through the key features of the Forge Data platform.
Now, you've recently moved into a new role at Forge as Head of Data and Analytics, which means you oversee all of the data and insights in Forge Intelligence and play a key role in helping investors interpret private market data, which is important as this may be new for investors that are used to interpreting data in the public equity markets. So, what does Forge's data show about the current state of the private market right now on the platform? And how can investors use Forge Intelligence to potentially improve their private investing processes?
Thanks, Charlie. Good question again. Now, being a data person, I have seen many private data offerings in this space. I would say a key feature of Forge Data is in the way data and insights are curated and structured.
It is intuitive and informative to both public and private investors. So, starting at a macro level, investors can get a snapshot of how private market sectors are performing through our Sectors Insights page.
Now, as a previous public market investor, I always want to get a sense of how the overall economy is doing before diving deeper into names with specific sectors. Now, what is unique about our platform is that investors can observe liquidity and performance metrics across private market sectors made possible by the trade and pricing data that we curate.
When it comes to specific companies, you can see the full range of pricing data such as bids and asks, volume weighted prices, funding round prices, and mutual fund marks to conduct research, generate new ideas, and formulate or enhance your investment strategies.
Now, if you want to dig in further, you can look at a deeper set of pricing data on specific companies - to inform your view of price discovery, liquidity, valuation, and even relative comparison to public names. Take Dataminr, for instance. It is a unicorn name in the data intelligence sector. Most investors can only see in public sources that its last primary price was $44 a share in early 2021.
But with data from Forge Intelligence, you can observe the continuous price discovery post-2021 through trade, volume, and other market indicators in the secondary market. In addition, we also provide the pricing data points from mutual fund marks. So, you can see how institutional investors are valuing the name over time. And as you know, mutual funds are usually associated with the way institutional investors express their view.
Now, if you want to compare Dataminr to one of its public peers, such as Splunk, you can do that as well, because we do have public equity pricing datasets in our data offering.
Please Read These Important Legal Notices & Disclosures
The information and material presented in this article is provided for your informational purposes only and does not constitute an offer by Forge Global, Inc., Forge Securities LLC or any of its affiliates (collectively, "Forge") to sell, or a solicitation of an offer to buy any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement and will be subject to the terms and conditions and risks delivered in such documents.
To the extent information about or defining specific terms is provided herein, Forge makes no representations as to its accuracy and has no duty to update such information. Such information is based on Forge’s experience and the meanings and connotations of terms as Forge typically uses and interprets them. Others may construe such terms differently, and you should do your own research and consult with financial, legal and tax professionals regarding any such concepts included herein.
This article does not constitute an offer to provide investment advice or service. Registered representatives of Forge Securities LLC do not (1) advise any member on the merits or prudence of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services. Securities referenced in this article may be offered by Forge Securities LLC, member FINRA/SIPC.
Forge Securities LLC is a wholly owned subsidiary of Forge Global, Inc. Certain affiliates may act as principals in such transactions. Forge Data LLC is an affiliate of Forge Global, Inc. and Forge Securities LLC.
Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative, involving a high degree of risk, and investors should be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks and investors should conduct their own, independent due diligence regarding the investment, including obtaining additional information about the company, opinions, financial projections and legal or investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.