Jiashi Wealth Management is close to completing a $600 million acquisition of Forge Global.

According to the Financial Times, J.P. Morgan Asset Management is expected to announce a deal to acquire private stock market Forge Global, with a purchase price of up to $600 million. The report also states that Schwab is expected to pay $45 per share for Forge Global, a premium of 75% over Forge Global's closing price on Wednesday. In after-hours trading, Forge Global's stock price is $38. This deal could be announced as early as this week, but there is no guarantee that the transaction will proceed smoothly.