Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters on an SEC-registered offering by SVB Financial Group of 7,800,000 shares of its common stock for gross proceeds of $300 million. The common stock is listed on the Nasdaq Global Select Market under the symbol “SIVB.”

Headquartered in Santa Clara, California, SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital/private equity and premium wine industries. Offering diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking services. The company also offers funds management, broker-dealer services, asset management and a wide range of financial services for companies of all sizes and stages.

The Davis Polk corporate team included partners Alan F. Denenberg and Sarah K. Solum and associates Sarvenaz Madi and Nicholas M. Janof. The tax team included partner Rachel D. Kleinberg and associate M. Ryan LaRosa. Associate Catherine L. Martin of the New York office provided '40 Act advice. Michael Nguyen and Kimberly Kakade were the legal assistants for the transaction. All members of the Davis Polk team, unless otherwise noted, are based in the Menlo Park office.