Did you also call the select2.min.css
file?
Working example:
$('.search-select-multiple').select2({
dropdownParent: $('#valSel')
});
<link href="https://stackpath.bootstrapcdn.com/bootstrap/4.5.0/css/bootstrap.min.css" rel="stylesheet" />
<link href="https://cdn.jsdelivr.net/npm/[email protected]/dist/css/select2.min.css" rel="stylesheet" />
<script src="https://cdnjs.cloudflare.com/ajax/libs/jquery/3.3.1/jquery.min.js"></script>
<script src="https://cdn.jsdelivr.net/npm/[email protected]/dist/js/select2.min.js"></script>
<div id="valSel" class="select2-container" data-target="open">
<select name="select" id="select" class="search-select-multiple" multiple data-placeholder="Select one or more..." style="display: none; width: 300px;">
<option value="1">Option 1</option>
<option value="2">Option 2</option>
<option value="3">Option 3</option>
</select>
</div>