(Reuters) -Startup-focused lender SVB Financial Group is looking to sell itself after an attempt to raise capital through a stock sale failed, CNBC reported on Friday.
The bank was looking to raise more than $2 billion from investors to plug a hole in its balance sheet.
Shares of the troubled company nearly halved on Friday in volatile trading with multiple halts and resumptions.
SVB did not immediately respond to a Reuters request for comment.
(Reporting by Niket Nishant in Bengaluru)