SVB Financial Group (SIVB) Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock

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Go back to SVB Financial Group (SIVB) Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock

SVB Financial Group Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock

March 8, 2023 4:06 PM EST

SANTA CLARA, Calif., March 8, 2023 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), announced today that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares, consisting of 10 million depositary shares each representing a 1/20th... More