Roblox, Quotient Technology disclose their exposure to SVB in SEC filings
Mar. 10, 2023 6:48 PM ETSVB Financial Group (SIVB), QUOT, RBLX, SIVBPBy: Ahmed Farhath, SA News Editor
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- Roblox (NYSE:RBLX) and Quotient Technology (NYSE:QUOT) disclosed in separate filings on Friday their exposure to Silicon Valley Bank (NASDAQ:SIVB), in wake of the bank's collapse.
- Roblox said that out of the $3 billion it has in its cash and securities, about 5% of it were deposited in the bank.
- Roblox said the exposure will have no impact on the day to day operations of the company.
- Quotient, on the other hand, said it had no deposits in the bank's U.S. branches but held an equivalent of about $400,000 in the bank's UK branch.
- RBLX, QUOT and SIVB shares were little changed in after hours.