Forge is powering a global private market that is transparent, accessible and seamless for companies, their employees, investors and institutions.
San Francisco, CA
Joined December 2013
- Tweets1.7K
- Following447
- Followers2.9K
- Likes592
VC-backed IPOs excluding life sciences fell from 10 in Q3 2025 to two in Q3 2026.
The broader trend: With few exceptions, IPO activity has remained subdued since 2021.
Download the full Forge Investment Outlook Q4 2026 for more insights: forgeglobal.pulse.ly/ka3mwhw…
1/3: The 2026 IPO market started with momentum, but macroeconomic realities are beginning to creep in.
After a promising start with @BitGo and @EquipmentShare, followed by @cerebras and SpaceX, the market has slowed. @limebike’s July 1 debut was the most recent VC-backed IPO.
2/3: Meanwhile, AI continues to dominate private-market capital flows, while traditional software companies face pressure amid lower valuations. Rising interest rates, national debt, and AI infrastructure investment could further constrain access to capital.
3/3: Download the full Q4 2026 Forge Investment Outlook: forgeglobal.com/insights/for…
1/2: STARTUP TRENDS: @CrusoeAI, @cognition, @FireworksAI_HQ, @tenstorrent, and Hadrian are 5 companies listed on the Forge marketplace that recorded some of the largest funding rounds of Q3 2026, alongside recent developments and valuation data.
2/2: Read the full breakdown for a closer look at these companies and their recent funding activity: forgeglobal.com/insights/sta…
1/2: M&A can offer insight into how private companies are positioning for their next phase of growth.
Q3 saw several notable transactions involving companies featured on the Forge marketplace.
2/2:
🟠 @stripe agreed to acquire @OpenRouter
🟠 @OpenAI reportedly acquired @GlassImaging
🟠 @SeismicSys completed its merger with @Highspot
Read more: forgeglobal.com/insights/sta…
1/2: Before a private company goes public, there can be signals that it’s getting closer to the public markets.
@FalconXGlobal, @krakenfx, @OpenAI, @AnthropicAI, and @discord have each been linked to confidential IPO filings.
2/2: A filing doesn’t guarantee a listing, but it’s a milestone worth watching for private-market investors.
Read more: forgeglobal.com/insights/sta…
1/3: The Great Reset is entering a new phase.
Newly public @bendingspoons has emerged as a buyer of once highflying technology businesses @airtable and @MiroHQ at deeply discounted valuations from their last funding rounds.
2/3: In August, private market performance trailed the public market. Public companies bounced back from a tough July, helping the FAPMI gain 5.1%, while the FPMI, which includes only private companies, decreased 0.6%.
3/3: Read more in the September Private Market Update: forgeglobal.com/insights/pri…
1/2: Two of AI’s biggest names are moving toward the public markets.
@OpenAI and @AnthropicAI have both confidentially submitted draft registration statements to the SEC.
2/2: Both are projected to generate billions in revenue this year, but public investors will be watching growth, profitability, and the rising costs and risks of developing increasingly capable AI.
Read more about the race to take AI public: forgeglobal.com/insights/sta…
1/2: @Kalshi and @Polymarket are emerging as two of the category’s most closely watched private companies in events-based trading.
Investor interest in the category is reflected in the valuations of both of these companies.
2/2: As of 09/02/26:
🟠 Kalshi: $962.28 Forge Price, implying a $35B valuation
🟠 Polymarket: $137.70 Forge Price, implying a $13.58B valuation
Read more: forgeglobal.com/insights/sta…
