Individual InvestorsEmployee Shareholders Institutional InvestorsPrivate Companies Accredited InvestorsSeed & Angel InvestorsAsset Managers & Hedge FundsFamily OfficesVenture Capital FirmsWealth Managers & RIAsWho We Serve Trading Data Retirement Institutional TradingForge ProTrade private companies with Forge’s institutional brokerage tool​Browse CompaniesIndividual InvestingForge MarketsFind new private company investment opportunities​Forge PriceA proprietary indicative price, calculated daily, for over 240 pre-IPO companies.Forge DataAnalyze private markets via Forge’s intuitive web application​Forge Private Market Index​Monitor a benchmark for actively traded private companies ​Forge Accuidity Private Market Index​Invest in an institutionally-managed diversified basket of private companies (QPs only)​Self-Directed IRAForge TrustInvest in private companies and other alternative assets through a tax-advantaged Self-Directed IRAWhat We Do All Insights Private Market Reports Market Insights Buying and Selling Pre-IPO​ All Reports​Private Market UpdatesForge Investment OutlookStartup News and Trends​Private Market Data and Analytics​Tech IPO Calendar for 2024​Magnificent 7Private Market Explained​Buying Pre-IPO Shares​Selling Pre-IPO SharesGlossaryVideosFAQsInsights About UsLeadershipInvestor RelationsPeople & CultureCareers About
Log InSign Up
Who We Serve
What We Do
Insights
About
Who We Serve
Individual Investors
Institutional Investors
What We Do
Trading
Institutional Trading
Individual Investing
Data
Retirement
Self-Directed IRA
Insights
Private Market Reports
Market Insights
Buying and Selling Pre-IPO​
About
Log In
Sign Up
About / Press Releases
December 14, 2021

Press Release

Forge Global Joins Open Cap Table Coalition

SAN FRANCISCO, Dec. 14, 2021 - Forge Global, a leading global private securities marketplace, has joined the Open Cap Table Coalition, a cross-industry group that is collaborating to improve the interoperability, transparency, and portability of startup capitalization data. The working group includes major law firms that advise emerging companies, leading software providers, venture capital firms, and other critical members of the startup ecosystem.

As a foundational step, the Coalition members are producing a first iteration of the Open Cap Table Format (OCF), an open source format to enable a new, more collaborative era in capitalization data management that aims to prioritize companies’ changing needs and help the ecosystem become more efficient. This first-of-its-kind cap table standard format will be released in Q1 of 2022.

“Today there is friction around capitalization data, which inhibits company choice as well as companies’ abilities to manage their cap tables and serve their stakeholders. We want to change that,” said Shriram Bhashyam, SVP Business Development at Forge. “The principles adopted by the Coalition are foundational to Forge’s long-time approach to creating an accessible, liquid and transparent private market. Because we believe that companies own their capitalization data and should be able to do with it what they want, those of us creating the mechanisms to participate in the private market have an obligation to help make the use of that data interoperable, portable, and transparent.”

The Coalition was officially founded in July of 2021, and founding members of the Open Cap Table Coalition include: Carta; Cooley; Fenwick & West; Goodwin Procter; Gunderson Dettmer; LTSE Software; Morgan Stanley | Shareworks; Orrick, Herrington & Sutcliffe; and Wilson Sonsini Goodrich & Rosati. For more information on the Open Cap Table Coalition, you can visit their medium blog or email them at [email protected].

About Forge

Forge Global is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. By combining world-class trading technology and operating expertise, Forge Markets enables private company shareholders to trade private company shares with accredited investors. Forge Company Solutions, Forge Data and Forge Trust along with Forge Markets helps provide additional transparency, access and solutions that companies, as well as institutional and accredited investors need to confidently navigate and efficiently transact in the private markets. Securities-related services are offered through Forge Securities LLC (“Forge Securities”), a wholly-owned subsidiary of Forge Global, Inc. Forge Securities is a registered Broker Dealer and Member FINRA/SIPC and alternative trading system.

Media Contact

Lindsay
Riddell

Email

Media Policy and Transaction Information

Forge welcomes interest from the media and is committed to bringing greater transparency to the private market. However, Forge facilitates offerings and transactions in unregistered securities for private companies and their shareholders. These transactions are subject to complex securities laws and regulations impacting public disclosure of related details. Additionally, Forge’s commitment to confidentiality for both issuers and clients prohibits disclosure of particular transactions. Accordingly, Forge’s policy is to not comment on, confirm or deny any pending or potential transaction.