Svb Financial Group (SIVB) Announces 2M Share Common Offering

SVB Financial Group (NASDAQ: SIVB), announced today that it intends to offer 2,000,000 shares of its common stock in an underwritten registered public offering. SVB also intends to grant the underwriters an option to purchase up to an additional 300,000 shares of its common stock to cover over-allotments. SVB intends to use the net proceeds from the offering for general corporate purposes, including supporting capital ratios at SVB and its subsidiary bank, Silicon Valley Bank.

Goldman Sachs & Co. LLC and BofA Securities will act as joint book-running managers for the offering. SVB Leerink will act as co-manager.

The offering is being made pursuant to an effective shelf registration statement, including a prospectus and prospectus supplement, filed by SVB with the U.S. Securities and Exchange Commission ("SEC"). Investors should read the prospectus in that registration statement, the related prospectus supplement and other documents SVB has filed with the SEC for more complete information about SVB and the offering before investing.

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