Forge Global Alternatives: Private Secondaries & Liquidity
Compare Forge Global alternatives for private company secondary transactions and pre-IPO liquidity — EquityZen, Hiive, Nasdaq Private Market, and CartaX.
Forge Global Alternatives for Private Company Secondaries
Forge Global is a leading platform for private company secondary transactions and pre-IPO liquidity for shareholders and accredited investors.
Best transparent order book
Hiive publishes real bid/ask prices — most transparent option in a historically opaque market.
Best for company-run tenders
Nasdaq Private Market runs structured tenders for larger private companies with employee liquidity needs.
Honest differences
Forge Global: broad marketplace, dealer-driven.
EquityZen: retail-accessible secondaries.
Hiive: transparent order book.
Nasdaq Private Market: enterprise tenders.
CartaX / Carta secondaries: bundled with cap table.
Frequently asked questions
Are secondaries a good deal for employees?
Sometimes — pricing is often 20-40% below primary valuations. Model tax and 409A implications first.
Forge vs Hiive?
Forge has more deal flow; Hiive has cleaner pricing transparency.
