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
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