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Regional - Pacific Banks News
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SVB Financial Group Announces Closing of Public Offering
Tue 4:05 pm ET (PR Newswire)
SVB Financial Group today announced the closing of the previously announced public offering of 7,800,000 shares of its common stock at a public offering price of $38.50 per share. SVB Financial Group received net proceeds of approximately $286 million after deducting underwriting discounts and commissions and estimated offering expenses payable by the company.
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| Market Capitalization: | 19B | | Price
/ Earnings: | NM | | Price
/ Book: | 1.1 | | Net
Profit Margin (mrq): | -26.3% | | Price
To Free Cash Flow (mrq): | 4.0 | | Return
on Equity: | 0.0% | | Total
Debt / Equity: | 0.0 | | Dividend
Yield: | 2.5% |
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