Silicon Valley Bank hit by stock wipeout
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Shares in Silicon Valley Bank (SVB), a key lender to tech start-ups, have plummeted 60% as skittish investors withdraw their deposits

SVB FINANCIAL GROUP SHARE PRICE

800 
700
600
500
400
300 
200 
100
0

2020 2021 2022 2023


Jan 2, 2020: $254.27

Regarded as most start-up friendly bank – greatly supporting tech firms through Covid-19 pandemic

Nov 3, 2021: $755.03

Stock price soars as bank lends to start-ups in era of low interest rates

SVB CEO
Gregory Becker

Mar 8, 2023: $267.83
       
SVB $2.25bn share sale to shore up balance sheet triggers venture capitalists, unsure capital raised will be sufficient, to instruct portfolio businesses to pull their cash from bank
 
Covid-19 pandemic begins
Mar 9: $106.04

Sources: BBC, Reuters, Bloomberg, Barron’s
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