Forge

The 2025 Edition of the Private Magnificent 7 Reaches $1.2 Trillion Valuation The 2025 Private Mag 7—a group of late-stage, venture-backed companies that dominate private market performance—has reached a combined valuation of $1.2 trillion, underscoring their outsized role in shaping the market. Over the past year, the Private Mag 7 gained 96%, outpacing the Public Mag 7’s 34% growth. This year’s refreshed list features a sharper focus on #AI-driven innovation, with Anthropic, xAI, and Anduril Industries joining OpenAI, Databricks, SpaceX, and Stripe. These companies are the highest valued and among the fastest growing companies in the private market as of today. They represent the epicenter of private market growth, attracting record levels of capital and driving liquidity across the ecosystem. Since the beginning of 2023, this group of companies has seen their valuations quadruple. Read more in the September Private Market Update: https://lnkd.in/gJiEST54 #ForgeGlobal #privatemarket #PrivateMagnificent7 #investors #investing

Looking forward to sharing more on these trends in our upcoming Forge Investment Outlook, where we’ll explore IPO activity, sector shifts and the implications for private market investors.

An #IPO could be on the horizon for Wealthfront. Wealthfront, the robo-advisor and fintech platform, has reportedly submitted a confidential filing to go public, though details remain under wraps. If successful, Wealthfront’s listing would offer an important signal for #fintech sentiment at a time when #AI is dominating investor flows and post-IPO corrections have challenged the sector. Follow Forge’s IPO calendar to stay informed on Wealthfront and other upcoming public offerings. Read more: https://lnkd.in/g_Rkeieh #ForgeGlobal #privatemarket #fintech #investors #investing

#AI is reshaping the private market. In our latest Private Market Update, we highlight the Private Magnificent 7, a group of the highest-valued private companies, now with a stronger AI focus: Anthropic, Anduril, and xAI join OpenAI, Databricks, SpaceX, and Stripe. Together, these companies are influencing valuations, liquidity, and fundraising opportunities. Over the past few years, this AI-heavy group has outperformed both the Forge Private Market Index (FPMI) and the S&P 500. Read more in the September Private Market Update: https://lnkd.in/gJiEST54 #ForgeGlobal #privatemarket #investors #investing #PrivateMagnificent7

Our latest Private Market Update reveals that Forge’s #AI thematic basket delivered the strongest returns, posting a 15.3% gain, the highest of any Forge basket. Meanwhile, the #fintech basket lagged behind, falling -6.4% for the month. Read more at https://lnkd.in/gJiEST54

Representing over $1 trillion in combined value, the 2025 edition of the Private Magnificent 7 is here. This year's refreshed list highlights an increased emphasis on AI-driven innovation, with Anthropic, xAI, and Anduril joining OpenAI, Databricks, SpaceX, and Stripe. These companies are currently among the fastest-growing and most highly valued in the private market. "The Private Magnificent 7 have become bellwethers for private market performance," said Kelly Rodriques, Forge CEO. "The group’s combined valuations tell a powerful story of how #AI and advanced technologies are creating a gravitational pull for capital unlike anything we’ve seen in recent history." Read the full announcement at https://lnkd.in/gYwjxRS3 #ForgeGlobal #privatemarket #PrivateMagnificent7 #investors #investing

This week, Forge’s EVP, Private Company Relations, Eric Thomassian & EVP, Head of Legal, Monica Simon, presented at the 2025 General Counsel IPO Conference in #SanFrancisco, joining dozens of general counsels from unicorn, pre-IPO companies. To learn how your legal team can partner with Forge on liquidity solutions, visit: https://lnkd.in/en-sqb_v #ForgeGlobal #privatemarket #investors #investing

Congratulations to Klarna on its successful IPO debut. In addition to a strong market entrance, Klarna broke tradition by allowing employees to sell shares during the IPO window, a progressive approach to employee liquidity that shows how access and flexibility are evolving in the private market.