SVB Financial is betting that the technology sector’s strong run of high-priced acquisitions and lofty initial public offerings will continue.
The parent company of Silicon Valley Bank recently added 10 senior executives who specialize in technology to its investment banking arm and plans to add more bankers by the end of the year. SVB hopes to retain its tech sector clients as they grow and start to require more complex investment banking needs, CEO Greg Becker said.
“We already have the relationships and trust and connectivity with the companies that will want to go public at some point,” Becker said.
“We’re making sure we have a broad enough capability to cover M&A, equity capital markets, research,” said SVB Financial CEO Greg Becker, “so we can cover anything a tech company could want.”
Read Also
- Tunisia: Stuck in an economic crisis, the country will receive a loan of 200 million euros from France Nov 19, 2022
- They present the Creative Directory and platform for entrepreneurs May 31, 2022
- Continuous Market: the titles that fell the most are Libertas 7 (-10%) and Sabadell (-6.69%) May 30, 2021
- Afghanistan: Taliban vow to improve economy Aug 19, 2021
- Colombian senator Piedad Córdoba was held at the Honduran airport with almost 68,000 dollars May 26, 2022
- Euro 2020, Bassetti: “No fear for English fans in Rome” Jul 1, 2021
- when the prostate enlarges Jun 6, 2022
Bloomberg
SVB Financial moved into investment banking for health care and life sciences firms in 2018 when it bought Boston-based Leerink Partners. Earlier this year, the $ 163 billion-asset company bought Boston Private Financial Holdings to build out its private banking and wealth management capabilities.