-2.9 C
New York
Wednesday, January 19, 2022

Silvergate Capital Corporation (SI) stock Exhibits minor Volatility, Here is why?

Silvergate Capital Corporation (SI) stock traded at $165.71, with a gain of 0.21% today when the company announced that they are launching a public offering of Class A common stock. At the end of the last trading session, the stock closed at $165.37.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Reasons of the stock decline

  • The company announced they are launching a public offering of Class A common stock.
  • The price of 3,310,344 shares was announced to be$145.00 per share to the public valuing $400 million.
  • They are expecting an additional $60 million worth of shares to grant the underwriters a 30-day option to purchase.
  • The total proceeds of the offering before discounts and expenses will be equal to around $480.0 million. If we assume from the underwriters perspective to purchase additional shares, the total proceeds of the offering before discounts and expenses would be equal to around $552.0 million.
  • The Silvergate Capital Corporation (SI) is planning to use the net proceeds from the announced offering to increase the regulatory capital levels of its company Silvergate Capital and Silvergate Bank ( which is its wholly-owned subsidiary), and for other reasons related to general corporate purposes. This may include giving capital to support the Company’s growth organically or through strategic acquisitions, and other initiatives which will be essential in its growth.


The company’s sudden decision of launching a public offering of Class A common stock made the stock underperforming stock lose more in value. The next few days are going to be crucial for the stocks that will the investors participate in the repurchase of the stock or they keep their shares.


Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles