Hiive

Hiive is one of the newer entrants among private-share marketplaces, built specifically to serve smaller and earlier-stage secondary trades that the minimum thresholds at larger platforms like Forge and EquityZen tend to exclude.

The platform runs a more open, listing-driven model where shareholders post positions and prospective buyers make offers directly, with fees typically in the 2-3% range and settlement timelines broadly comparable to its larger peers.

Hiive's emergence alongside Forge's acquisition by Schwab illustrates a bifurcating marketplace landscape: established platforms consolidating into larger financial institutions, while newer entrants target the smaller-check, earlier-stage segment those larger players have less appetite for.