Silvergate Capital, the parent of Silvergate Bank with a focus on digital currency industry, filed for an initial public offering, aiming to raise up to $50 million.
Source: www.rttnews.com
Silvergate Capital, the parent of Silvergate Bank with a focus on digital currency industry, filed for an initial public offering, aiming to raise up to $50 million. The La Jolla, California-based emerging growth company intends to list on the NYSE under the symbol “SI.”. Silvergate Capital reportedly filed confidentially on August 3, 2018. Barclays and Keefe, Bruyette & Woods are the joint bookrunners on the deal. Founded in 1988, Silvergate started exploring the digital currency industry in 2013 based on market dynamics.
