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Published on November 28th, 2012 | by Adam Johnston

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SolarCity Announces Price For IPO

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November 28th, 2012 by
 
 
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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About the Author

A University of Winnipeg graduate who received a three year B.A. with a combined major in Economics and Rhetoric, Writing & Communications. Currently attempting to be a freelance social media coordinator. My eventual goal is to be a clean tech policy analyst down the road while I sharpen my skills as a renewable energy writer. Currently working on a book on clean tech and how to relate it to a broader audience. You can follow me on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com



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