By Sabela Ojea
Shares of SVB Monetary Group on Wednesday fell after the corporate stated it intends to launch an providing of $1.25 billion of its frequent inventory.
Shares dropped 3.7% to $258.00 in after-hours buying and selling.
The industrial financial institution stated it additionally goals to supply $500 million of depositary shares.
The lender intends to make use of internet proceeds from the choices for normal company functions, it added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix