Updated with market close information.
NEW YORK ( TheStreet) -- Investors shut out of the Facebook IPO might consider SVB Financial Group (SIVB - Get Report), which is a Silicon Valley growth story that will directly benefit from the mega wealth created by the social network.
SVB Financial main subsidiary is Silicon Valley Bank. The stock has been on fire, with shares rising 22% year-to-date, through Thursday's close at $59.96.
With billions flowing to Facebook investors -- including DST Global Limited and Elevation Partners -- following the IPO, it's not unreasonable to expect a flurry of new funding to expand Silicon Valley companies or to fund tech startups, which can only help SVB Financial, which has seen major expansion of its lending activity over the past year, along with revenue improvement.
|SVB Financial Group CEO Gregory W. Becker|
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