Silvergate Capital $287.5 million follow-on offering
We advised the underwriters in connection with the equity offering
1/26/2021

Davis Polk advised the representatives of the several underwriters in connection with a $287.5 million public offering of 4,563,493 shares of Class A common stock of Silvergate Capital Corporation, which includes 595,238 shares from the full exercise of the underwriters’ option to purchase additional shares. The Class A common stock is listed on the New York Stock Exchange under the symbol “SI.”

Silvergate Capital is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future.

The Davis Polk capital markets team included partner Derek Dostal and associates Stephen A. Byeff and Alexa Póo. The financial institutions team included counsel Daniel E. Newman and associate Alba Baze. The tax team included partner Po Sit and associate Tomislava Dragicevic. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.