Silvergate Bank Files For $50 Mln IPO

Silvergate Bank Files For $50 Mln IPO

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Silvergate Bank Files For $50 Mln IPO

Silvergate Bank Files For $50 Mln IPO This prospectus relates to the initial public offering of Silvergate Capital Corporation. We are offering              shares of our Class A Common Stock, or common stock. The selling shareholders identified in this prospectus are offering an additional              shares of our common stock. We will not receive any proceeds from sales of shares by the selling shareholders.

Prior to this offering, there has been no established public market for our common stock. We currently estimate that the initial public offering price of our common stock will be between $            and $            per share. We have applied to list our common stock on the New York Stock Exchange under the symbol “SI .”

We are an “emerging growth company” as defined under the federal securities laws, and may take advantage of reduced public company reporting and relief from certain other requirements otherwise generally applicable to public companies. See “Implications of Being an Emerging Growth Company.”

Investing in our common stock involves a high degree of risk. See “Risk Factors” beginning on page 18.

Per Share Total
Initial public offering price $ $
Underwriting discount(1) $ $
Proceeds to us (before expenses) $ $
Proceeds to the selling shareholders (before expenses) $ $

(1)  The underwriters will also be reimbursed for certain expenses incurred in this offering. See “Underwriting” for additional information.

We and the selling shareholders have granted the underwriters an option exercisable for 30 days after the date of this prospectus to purchase, from time to time, in whole or in part, up to an additional              shares of common stock from us and              shares of common stock from the selling shareholders at the public offering price less underwriting discounts and commissions.

Neither the Securities and Exchange Commission nor any other regulatory authority has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

The shares of our common stock that you purchase in this offering are not deposits, savings accounts or other obligations of our bank or nonbank subsidiaries and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.

The underwriters expect to deliver shares of common stock to purchasers on or about                     , 2018, subject to customary closing conditions.

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