SVB Financial Group $1.25 billion stock offering
Davis Polk advised the sole underwriter in connection with a $1.25 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 associate Paula Gergen. Partner Pritesh P. Shah and associate Yana Kipnis provided intellectual property advice. Counsel Daniel E. Newman and associate Russell Quarles provided regulatory advice. The tax team included partner Michael Farber and associate Justin Corvino. Members of the Davis Polk team are based in the Northern California and New York offices.