Private Market Opens: Schwab Completes Acquisition of Position Global

The Charles Schwab Corporation (SCHW) completed its acquisition of private-market platform provider Forge Global on March 2. Under the terms of the deal, Schwab will pay $45 in cash per Forge common share, implying a total enterprise value of about $660 million (approximately KRW 890 billion). Schwab intends to maintain Forge’s private-stock trading and data platform while gradually expanding access to private investments for its clients and advisor network.

Earlier this year, Schwab unveiled plans to broaden its investor-education content and events. On February 26, the firm further strengthened shareholder returns by approving both a dividend increase and a new share-repurchase program. After releasing its fourth-quarter 2025 results, Schwab’s stock continued to fluctuate, reflecting mixed supply and demand dynamics following disclosures of share sales by certain executives.

As a leading U.S. retail brokerage and asset-management firm, Schwab has extended its product suite into private and alternative investments, building on a business model that integrates online trading, advisory services, and asset management. Forge Global specializes in pre-IPO equity trading and private-market pricing data; this acquisition is expected to enhance private-market liquidity through Schwab’s extensive retail-broker network.