Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 19-05-2014 | Practice Area: | Equity Capital Markets |
| Deal Title: | SVB Financial Group Common Stock Offering | Industry: | Financial Services |
| Description: |
Davis Polk advised J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters in connection with an SEC registered offering by SVB Financial Group of 4,485,000 shares of its common stock. The amount sold includes 585,000 shares from the full exercise of the underwriters' over-allotment option. The gross proceeds from the offering were approximately USD435 million.
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 common stock is listed on the NASDAQ Global Select Market under the symbol SIVB.
The Davis Polk corporate team included partners Alan F. Denenberg and Sarah K. Solum and associate Jeffrey Hamilton. Partner Rachel D. Kleinberg provided tax advice. Associate Daniel E. Newman provided financial institutions advice. Associate Vanessa K. Rakel provided 1940 Act advice. Members of the Davis Polk team are based in the Menlo Park and New York offices.
|
||
| Financial Center: | Silicon Valley | Value: | 100.01-500.00 |
| Advised Party: | Underwriter | Law Firm | Davis Polk |
| Issuer Jurisdiction - | United States | Listing Jurisdiction - | United States |
| Classification: |
Secondary Offerings and Placings NASDAQ: |
Lawyer | Alan F Denenberg |
