Today we are excited to announce the signing of an agreement between SharesPost and Forge Global to merge our two companies. By coming together, we are creating one of the largest private securities marketplaces in the world. Combined, our two companies have facilitated more than 10,000 client transactions worth more than $6 billion in the shares of more than 320 unique private companies. The merger will greatly accelerate the development of the trading, custody, data and company solutions we offer you, our clients. In short, we are taking a giant step forward in fulfilling the mission SharesPost has had since our first day: to create a more efficient, transparent, liquid capital market to power the innovation economy.
Now, with over 470 unicorns in the world, representing over $1.8 trillion in aggregate enterprise value, it has never been more important for investors to have access to private growth companies. The combination of SharesPost and Forge will allow us to provide that access in scale and better serve the emerging needs of the private-market economy. Together, we will provide our clients with even deeper insight into private company trends, including bid, offer and pricing data. Though we believe all market participants will benefit from these enhancements, we think perhaps it is the private companies that ultimately will benefit the most. Providing efficient, company-controlled liquidity to shareholders and employees ensures that they will have continued access to growth capital and to the talent they need to build world beating companies.
All that said, the most important thing I can communicate is that you can continue to count on the support of your SharesPost Private Securities Specialist. Before and after the closing of our merger with Forge, they will be providing you with the level of service and expertise that you have come to expect from us.
Lastly, I would like to thank the more than a quarter of a million SharesPost members that registered with our marketplace and gave us the opportunity to be their access point to the world’s most exciting companies. It’s been a pleasure to serve you and we look forward to sharing this next chapter in the evolution of the private market with you.
This article does not constitute an offer to provide investment advice or service. Registered representatives of SharesPost Financial Corporation 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 SharesPost Financial Corporation, member FINRA/SIPC. SharesPost Financial Corporation and SP Investments Management are wholly owned subsidiaries of SharesPost, Inc. Certain affiliates of these entities may act as principals in such transactions.
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.
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