BUZZ-Forge Global slumps after Q4 revenue miss

Reuters03-06

** Shares of private market platform Forge Global FRGE.N plunge as much 21.1%, last down 16.8% at $0.68

** Late Wednesday, FRGE reported Q4 revenue below Wall Street expectations for the second consecutive quarter

** J.P. Morgan says there is considerable work ahead before FRGE can reach adjusted EBITDA break-even as the expected recovery in transaction volumes remains elusive

** Still, brokerage says underlying data points towards improving volumes in 2025

** William Blair says FRGE is well positioned for a stronger recovery in private market conditions, but the timing remains uncertain

** Adds that it needs to see sustainable improvements to get more constructive on the stock

** Stock down 27% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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