Forge Global continues rally after confirming in discussions to sell itself

** Shares of private market trading platform Forge Global FRGE up 14.1% at $21.17, an over two-month high, after co confirmed it was approached by potential buyers

** San Francisco, California-based Forge late Mon said in a statement it "received unsolicited inbound indications of interest from multiple parties" and that it's "currently engaged in discussions regarding a potential sale of the Company"

** Forge said no agreement has been reached and there can be no assurance that any transaction will result from these discussions, per the statement

** FRGE shares on Mon jumped in early afternoon trading and finished session up 11.6% after the Financial Times reported co was exploring a sale

** "Forge is expected to attract interest from rival marketplaces as well as large financial institutions, including Wall Street investment banks such as Morgan Stanley that want to diversify their existing public markets exposure," according to the report

** FRGE shares debuted in 2022 after co agreed to go public in $2 bln reverse merger with a SPAC (special purpose acquisition company) backed by fintech-focused private equity firm Motive Partners

** Based on stock's last close, Forge's market cap stood at $252 mln

** Of 6 analysts covering FRGE, 4 rate "strong buy" or "buy", 2 rate "hold"; median PT is $32, per LSEG data