Forge SPAC Presentation Deck
Forge Data: Significant Opportunity for Recurring Revenue Growth
The Opportunity
Data Revenue as % of Total for Select Exchanges (1)
Nasdaq
38%
(2)
$1,173mm
Data Revenue
Number of Subscribers
PitchBook
960K+
Subscribers (4)
Ice
36%
4) Source: Pitchbook website - newsletter subscribers
5)
Source: CBInsights website - newsletter subscribers
(3)
$2,434mm
Data Revenue
CBINSIGHTS
725K+
Subscribers (5)
■
I
Forge Intelligence: First product launched under data pillar
Provides insights, pricing information and analytics to
inform and build confidence with investors, leading to more
engagement and additional trades on the platform
Annual subscription product with a predictable and highly
recurring revenue stream
In soft launch phase, public launch expected Q4 2021
Additional features and products in next 12 months
15-20%
Potential % of Revenue in Long Term
1)
Data Revenue as a % of Total Revenue Less Transaction-Based Expenses shown on a Q1 2021 LTM basis
2) Source: NASDAQ Q1'21 Earnings Presentation, 2020 10-K - calculated as (Investment Intelligence + IR and ESG Services Revenue) / Total Revenue Less Transaction-Based Expenses = ($955mm + $218mm) /
$3,053mm = 38%
3) Source: ICE Q1'21 Earnings Presentation, 2020 10-K - calculated as (Data and Conn. Services + FI Data and Analytics + Other Data and Network Services + Mortgage's Data and Analytics) / Total Revenue Less
Transaction-Based Expenses PF For Ellie Mae = ($804mm + $523mm + $1,037mm + $70mm) / $6,708mm = 36%
Forge 31View entire presentation