Forge Global Unveils 'Private Magnificent 7': Top-Performing Unicorns Shaping U.S. Innovation Economy

Forge Global Names the Private Magnificent 7 - the High-Performing Unicorns Driving the U.S. Innovation Economy

Forge Global Holdings, Inc. ("Forge," or the "Company") (NYSE: FRGE), a leading private market platform, has identified the Private Magnificent 7, which comprises seven of the largest, most resilient, and highest-performing companies in the U.S. innovation economy. Much like their public market counterparts, this diverse group of late-stage, venture-backed companies has demonstrated both superior growth and remarkable resilience throughout the recent market cycle, including the Great Reset, a period of significant valuation contraction that characterized the post-peak period of the last 2.5 years. The Private Magnificent 7 includes SpaceX, OpenAI, Stripe, Databricks, Fanatics, Scale AI, and Rippling, spanning multiple sectors including: AI, Aerospace, Fintech, Consumer & Lifestyle, and Enterprise Software. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240911178458/en/ "While the post-2021 market downturn was undoubtedly a challenging period for the private market, the Private Magnificent 7 proved resilient," said Kelly Rodriques, CEO of Forge Global. "Forge believes these companies reflect the current and emerging themes of private investing and are driving the secular growth of the U.S. innovation economy." The Private Magnificent 7 collectively account for $473 billion in implied valuation, based on Forge data - 30x smaller than the Public Magnificent 7, which is now roughly the equal to the size of Japan, Canada, and the U.K.'s stock markets combined. Though smaller in size, the Private Magnificent 7 has outperformed its public market counterpart by 16.9% in the 12-month period ending August 31, 2024. The select group's price performance rose 55.3%, and in comparison, the public Magnificent 7 rose 38.4% in the same period. While the sector compositions are different between the Public and Private Magnificent 7, Artificial Intelligence as a secular growth trend is reflected in both cohorts. Forge operates a leading platform for private market trading and data intelligence. This includes Forge Price, a proprietary pricing model for approximately 250 late-stage, venture-backed companies with secondary market liquidity. Forge Price underlies the methodology for identifying the Private Magnificent 7. The selection process for identifying the Private Magnificent 7 was based on a set of rigorous criteria, including company size, share price performance, secondary trading liquidity, market leadership, and brand equity. For more information, please visit this link. Forge Price is also used to power Forge's indices, which include the Forge Private Market Index, a first-of-its-kind benchmark for private market performance and the Forge Accuidity Private Market Index, which is tracked by the Accuidity Megacorn Fund. The Megacorn Fund adopts an index-based investment strategy to provide investors with low-cost, diversified exposure to late-stage, venture-backed companies. About Forge Forge is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. Forge Securities LLC is a registered broker-dealer and a Member of FINRA that operates an alternative trading system. https://www.mellon.com/insights/insights-articles/a-closer-look-at-magnificent-seven-stocks.html Performance is based on Forge Price. Performance calculated based on hypothetical portfolios of both the Public Magnificent 7 and the Private Magnificent 7 with modified capitalization weighting scheme capped at 30%. Public Magnificent 7 data is sourced from Nasdaq and Private Magnificent 7 data from Forge Data.

The Magnificent 7 'Unicorns': Startups That Dominate Private Investing - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Over the past year, the private Magnificent 7's price performance rose 55.3% versus that of the public group of companies growing 38.4%. First, there was the Magnificent 7 of publicly traded companies: Apple Inc. AAPL, Microsoft Corporation MSFT, Nvidia Corporation NVDA, Amazon.com, Inc. AMZN, Alphabet Inc. GOOG GOOGL, Meta Platforms Inc. META and Tesla Inc. TSLA. Now, there is the Private Magnificent 7 of U.S. companies in the innovation space, according to private market platform Forge Global Holdings FRGE. Forge has identified these startup "unicorns" -- privately owned startups that are valued at $1 billion or more -- as SpaceX, OpenAI, Stripe, Inc., Databricks, Fanatics, Inc., Scale AI and Rippling. These companies, like their publicly traded counterparts, have shown "superior growth and remarkable resilience" during the Great Reset period of lowering valuations over the last 2.5 years, Forge said. "While the post-2021 market downturn was undoubtedly a challenging period for the private market, the Private Magnificent 7 proved resilient," said Kelly Rodriques, CEO of Forge Global. Read Also: What's The Secret? OpenAI Is Battling To Keep Co-Founder's Files Confidential, Here's Why "Forge believes these companies reflect the current and emerging themes of private investing and are driving the secular growth of the U.S. innovation economy." The Private Magnificent 7 collectively account for $382 billion in implied valuation, according to latest Forge data on its website. Though it is 30 times smaller in valuation than the public Magnificent 7 -- which is roughly the equal to the size of Japan, Canada and U.K. stock markets combined -- the Private Magnificent 7 has outperformed the listed companies by 16.9% in the past year, Forge said. Over the last 12 months, the private Magnificent 7's price performance rose 55.3% versus the public group of companies' price performance growing 38.4% in the same period. How Much Are These Companies Worth? Here is a rundown of the valuations for the Private Magnificent 7, according to latest Forge data: SpaceX, an American spacecraft manufacturer founded in 2002 by billionaire Elon Musk, is worth $150 billion. OpenAI, an American artificial-intelligence company co-founded in 2015 by Sam Altman and Greg Brockman, is valued at $80 billion. Stripe, an Irish-American financial services and software as a service company founded in 2010 by Patrick and John Collison, is worth $50 billion. Databricks, a U.S. AI company co-founded in 2013 by CEO Ali Ghodsi and executive chairman Ion Stoica, is worth $43.4 billion. Fanatics, an American online sports retailer founded in 2011 by CEO Michael Rubin, is valued at $31 billion. Scale AI, a U.S. AI company founded in 2016 by Alexandr Wang and Lucy Guo, is worth $13.8 billion. Ripplng, a U.S. human resource mangement company founded in 2016 by Parker Conrad and Prasanna Sankar, holds a value of $13.5 billion. Read Now: AI Startup Scale Secures $1B From Investors Including AMD, Amazon & Meta, Doubling Valuation To $13.8B Image created using artificial intelligence via Midjourney. Market News and Data brought to you by Benzinga APIs