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Buy (2.89 out of 4)
31st percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, January 21, 8:38 AM
Slide #46. SVB Financial Group — Preferred Stock Offering
| Company: |
SVB Financial Group (NASDAQ:SIVB) |
| Date announced: |
12/2/2019 |
| Shares Offered: |
14,000,000 |
| Date of Pricing: |
12/2/2019 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced the pricing of an offering of 14,000,000 depositary shares, each representing a 1/40th interest in a share of its 5.250% fixed-rate non-cumulative perpetual Series A Preferred Stock, liquidation amount $1,000 per share (equivalent to $25 per depositary share) at an aggregate offering price of $350 million. The offering is expected to close on December 9, 2019, subject to customary closing conditions. |
SVB Financial Group is a bank holding company. Through its subsidiary, Silicon Valley Bank, Co. provides commercial and private banking products and services. Co. has four segments: Global Commercial Bank, which is comprised of Commercial Bank, Global Funds Banking Division, SVB Wine and Debt Fund Investments; SVB Private Bank, which provides a customized suite of private banking services, including mortgages, home equity lines of credit and restricted stock purchase loans; SVB Capital, which is the venture capital investment arm of Co.; and SVB Leerink, which provides investment banking services across all subsectors of healthcare including biotechnology and medical devices.
 Open the SIVB Page at Preferred Stock Channel »
| Name: |
SVB Financial Group |
| Website: |
www.svb.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding SIVB: |
98 (see which ones) |
| Total Market Value Held by ETFs: |
$3,779,316,162 |
| Total Market Capitalization: |
$23,901,000,000 |
| % of Market Cap. Held by ETFs: |
15.81% |
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Open the SIVB Page at Preferred Stock Channel (in a new window) »
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