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Charles Schwab Corp. is moving to offer its millionaire clients access to potential windfalls generated by private companies before they go public, as investor interest for alternative investments — those outside of traditional stocks and bonds — continues to grow.
Schwab
SCHW said Thursday it is buying Forge Global Holdings Inc. in a deal valued at $660 million. It is paying $45 a share for Forge’s outstanding shares, which represents a 72.3% premium over Wednesday’s closing price of $26.12.