Silvergate Announces Closing of Initial Public Offering of Common Stock
12 Novembro 2019 - 6:10PM
Business Wire
Silvergate Capital Corporation (“Silvergate” or the “Company”),
today announced that it has completed its initial public offering
of 3,333,333 shares of its Class A common stock at a public
offering price of $12.00 per share. Of the offered shares, 824,605
shares were offered by Silvergate and 2,508,728 shares were offered
by selling shareholders. Silvergate’s common stock began trading on
the New York Stock Exchange on November 7, 2019 under the trading
symbol “SI.”
The selling shareholders have granted the underwriters a 30-day
option, which commenced on November 6, 2019, to purchase up
to an additional 499,999 shares of its common stock.
Barclays and Keefe, Bruyette & Woods, A Stifel Company acted
as joint lead book-running managers. Sandler O’Neill + Partners,
L.P. and Compass Point also acted as book-running managers, with
Galaxy Digital Advisors LLC and Performance Trust Capital Partners,
LLC, acting as co-managers for the offering. Silvergate was
represented by Holland & Knight LLP. The underwriters were
represented by Davis Polk & Wardwell LLP.
The U.S. Securities and Exchange Commission (the “SEC”) declared
the registration statement relating to these securities effective
on November 6, 2019. The offering was made only by means of a
prospectus. Copies of the final prospectus relating to the offering
may be obtained from Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by calling (888) 603-5847, or by email at
barclaysprospectus@broadridge.com, or from Keefe, Bruyette &
Woods, Inc., Attention: Equity Capital Markets, 787 Seventh Avenue,
4th Floor, New York, NY 10019, or by calling (800) 966-1559. Copies
of the registration statement relating to these securities and the
final prospectus may also be obtained free of charge from the SEC’s
website at http://www.sec.gov.
About Silvergate
Silvergate Capital Corporation is a registered bank holding
company for Silvergate Bank, headquartered in La Jolla, California.
Silvergate Bank is a commercial bank that opened in 1988, has been
profitable for 21 consecutive years, and has focused its strategy
on creating the banking platform for innovators, especially in the
digital currency industry, and developing product and service
solutions addressing the needs of entrepreneurs. As of September
30, 2019, Silvergate had total assets of $2.1 billion, total
deposits of $1.8 billion, and total stockholders’ equity of $230.6
million.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. Any
statements about Silvergate’s expectations, beliefs, plans,
predictions, forecasts, objectives, assumptions or future events or
performance are not historical facts and may be forward-looking.
These statements are often, but not always, made through the use of
words or phrases such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “could,” “should,”
“seeks,” “projects”, “can”, “ongoing”, “approximately,” “predicts,”
“intends,” “plans,” “estimates,” “anticipates” or the negative
version of those words or other comparable words. Silvergate
cautions that the forward-looking statements in this press release
are based largely on Silvergate’s expectations and are subject to a
number of known and unknown risks and uncertainties that are
subject to change based on factors which are, in many instances,
beyond Silvergate’s control. Actual results, performance or
achievements could differ materially from those contemplated,
expressed, or implied by the forward-looking statements. Any
forward-looking statements presented herein are made only as of the
date of this press release, and Silvergate does not undertake any
obligation to update or revise any forward-looking statements to
reflect changes in assumptions, new information, the occurrence of
unanticipated events, or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20191112005965/en/
Investor Relations / Media Jamie Lillis Shannon Devine
(858) 200-3782 investors@silvergate.com
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