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Online marketplace Forge Global plans $2bn Spac deal

San Francisco-based Forge said it has nearly 400,000 registered users, including more than 123,000 accredited investors

Forge Global, an online marketplace for buying and selling shares of private firms, plans to go public by merging with a special-purpose acquisition company.

The deal with Motive Capital values the resulting company at $2bn, the companies said. If completed, the transaction would make Forge the first dedicated trading platform for private shares to become a public company.

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