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.
is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business www.salayconsultiing.com.
