SVB Financial Group’s $1 Billion Stock Offering

Davis Polk advised the joint book-running managers and representatives of the several underwriters on the offering.

SVB Financial Group executed its $1 billion public offering of common stock. The common stock is listed on the Nasdaq Global Select Market under the symbol “SIVB.”

Goldman Sachs & Co. LLC, BofA Securities, Inc., Keefe, Bruyette & Woods, Inc., and SVB Leerink LLC acted as representatives of the several underwriters for the offering.

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 (Picture) 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.

Involved fees earner: Alex DeGroat – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Beth LeBow – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Daniel Newman – Davis Polk & Wardwell; Russell Quarles – Davis Polk & Wardwell; Leon Salkin – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Goldman Sachs & Co.; Keefe, Bruyette & Woods, Ltd.; SVB Leerink LLC;

Author: Martina Bellini