Silicon Valley Bank shares fall 64% in pre-market trading

Silicon Valley Bank

VIP LIVEALERTS-PRO Silicon Valley Bank Financial Group SVB Financial Group Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock 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 […]