SVB Financial Group (Nasdaq: SIVB) is sharing information regarding its public offering. SVB financial has priced a public offering of 7,800,000 shares of common stock at $38.50 per share. The underwriters will also have a 30-day over-allotment option to purchase up to 1,170,000 additional shares of common stock from the company at the public offering price.
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J.P. Morgan Securities Inc. and BofA Merrill Lynch are serving as the joint-bookrunning managers of this offering and Keefe, Bruyette & Woods, Inc., RBC Capital Markets Corporation and Sandler O'Neill & Partners, L.P. are serving as co-managers. A copy of the prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions,
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