We advised the underwriters on the equity offering

Davis Polk advised the joint book-running managers and representatives of the several underwriters on the $1 billion public offering of common stock by SVB Financial Group. The common stock is listed on the Nasdaq Global Select Market under the symbol “SIVB.”

Based in Santa Clara, California, SVB Financial Group’s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital and premium wine industries.

The Davis Polk capital markets team included partner Alan F. Denenberg and associates Beth LeBow and Alex DeGroat. Partner Pritesh P. Shah and associate Jay Frankel provided intellectual property advice. Counsel Daniel E. Newman and associate Russell Quarles provided regulatory advice. The tax team included partner Michael Farber and associate Ben Levenback. Associate Leon E. Salkin provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.