SolarCity Announces Price For IPO
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Just one day after announcing it will release its long-anticipated Initial Public Offering (IPO) by the holiday season, SolarCity provided details on the share price.
The solar installation industry leader is aiming to trade 10 million shares for between $13-15 a share. Stockholders will sell 65,012 shares of initial stock.
SolarCity originally had planned an IPO worth $201 million. However, it has scaled those plans to $151 million. Still, not bad for the most anticipated clean-tech IPO since Tesla in 2010.
Will this IPO be a “Happy Holidays” or a “Ba Hum Bug” for SolarCity? Only time will tell.
Source: Greentech Media
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