trending Market Intelligence /marketintelligence/en/news-insights/trending/EQRUdsI5F1MXe9ta6XITHg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

SVB Financial foresees little fallout from recent IPO messes

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


SVB Financial foresees little fallout from recent IPO messes

SVB Financial Group executives said they do not foresee any broader weakness in the tech IPO market.

During the bank's Oct. 24 third-quarter earnings call, management said there has been little impact on its portfolio from recent struggles among companies looking to conduct an IPO. Separately, executives said they expect the adoption of the current expected credit loss, or CECL, accounting standard to require a 7% to 16% increase in total reserves.

In recent months, several newly public companies, such as Uber Technologies Inc. and Lyft Inc., have lost significant value shortly after going public. And WeWork Cos. Inc. had to delay its IPO due to concerns over valuation and corporate governance. Those developments have raised speculation that other fledgling companies might struggle to achieve successful IPOs.

But SVB Financial CEO Gregory Becker said he was unconcerned about the developments and did not see any broader weakness in the startups that his bank finances.

"We've seen little impact at all from the few IPOs that are getting the attention. ... We have not seen a slowdown in liquidity. We've not seen a slowdown in activity," Becker said. "And we actually don't believe it's going to have a meaningful impact on the outlook. From our view, it's pretty isolated."

Becker said he did expect some valuations to decline and many boards to review governance structures, but he said that should be viewed as a healthy development.