Forge Global buy-side IOI activity drops to 43.5 percent in September after four-month decline

Forge Global buy-side IOI activity drops to 43.5 percent in September after four-month decline
Forge Global buy-side IOIs hit low

Forge Global reported that buy-side Indication of Interest (IOI) activity has reached its lowest point in two years, declining to 43.5 percent in September after peaking at 71.4 percent in May 2026.

The company noted that this marks four consecutive months of falling buy-side IOI percentages following a historic run earlier in the year.

Forge Global recently highlighted five startups with the largest Q3 2026 funding rounds on its marketplace, offering updated valuation data in the process.[source] Earlier in the year, the company also observed a slowdown in IPO market momentum after several major debuts.[source] These developments come as buy-side IOI activity continues to decline.

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