Key Developments: SVB Financial Group (SIVB.OQ)

SIVB.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

SVB Financial Group announces pricing of offering
Tuesday, 13 May 2014 09:30pm EDT 

SVB Financial Group:Says pricing of its underwritten registered public offering of 3,900,000 shares of its common stock at a price to the public of $101.00 per share.SVB Financial Group also granted the underwriters a 30-day option to purchase up to an additional 585,000 shares of its common stock to cover over-allotments.Closing of the offering is expected to occur on May 19.SVB Financial Group intends to use the net proceeds from the offering for general corporate purposes to support SVB Financial Group's plans to grow its business and operations.General corporate purposes may include working capital, capital expenditures and continued lending to clients through Silicon Valley Bank.J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers.Keefe, Bruyette & Woods A Stifel Company, RBC Capital Markets, and Sandler O'Neill + Partners, L.P. are acting as co-managers.  Full Article

SVB Financial Group announces proposed offering
Monday, 12 May 2014 04:23pm EDT 

SVB Financial Group:Intends to offer, subject to market and other conditions, about 3,900,000 shares of its common stock in an underwritten registered public offering.Intends to grant the underwriters an option to purchase up to an additional 585,000 shares of its common stock to cover over-allotments.Intends to use the net proceeds from the offering for general corporate purposes to support SVB Financial Group's plans to grow its business and operations.  Full Article

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