ARTICLE | Financial News
SVB acquiring Leerink for $280M amid record year for IPOs
November 14, 2018 12:24 AM UTC
With IPOs continuing at a torrid pace, SVB Financial Group (NASDAQ:SIVB), the parent company of high-tech commercial lender Silicon Valley Bank, announced Tuesday that it will acquire Leerink Partners for $280 million.
Leerink, a boutique healthcare investment bank, is among the top 10 underwriters for biotech IPOs and follow-ons this year. The firm was lead underwriter on 13 deals in the first three quarters of 2018, which accounted for a total of $1 billion raised (see “Uncharted Territory”)...
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