UPDATE: Elon Musk's SolarCity (SCTY) IPO Prices at $8
Tweet Send to a FriendGet Alerts SCTY Hot Sheet
Down)
Trade SCTY Now!
(Updated - December 13, 2012 8:29 AM EST)
SolarCity Corporation (NASDAQ: SCTY) priced its IPO of 11,500,000 shares of common stock at a price of $8.00 per share, in-line with the recently reduced price target range (from $13-$15). Shares will open on the NASDAQ today under the symbol "SCTY."
Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as the representatives of the underwriters and joint book-running managers for the offering. Needham & Company, LLC and Roth Capital Partners are acting as co-managers.
SolarCity - a national leader in clean energy services - provides homeowners, business and government organizations cleaner, more affordable alternatives to their utility bills. The company makes it simple for customers to lock in lower, long-term rates for clean energy by providing everything from permitting and installation to ongoing monitoring and maintenance.
Elon Musk, of Tesla (Nasdaq: TSLA) and SpaceX fame, is the founder and Chairman of SolarCity. Prior to SpaceX and Tesla, Elon co-founded PayPal.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
SolarCity Corporation (NASDAQ: SCTY) priced its IPO of 11,500,000 shares of common stock at a price of $8.00 per share, in-line with the recently reduced price target range (from $13-$15). Shares will open on the NASDAQ today under the symbol "SCTY."
Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as the representatives of the underwriters and joint book-running managers for the offering. Needham & Company, LLC and Roth Capital Partners are acting as co-managers.
SolarCity - a national leader in clean energy services - provides homeowners, business and government organizations cleaner, more affordable alternatives to their utility bills. The company makes it simple for customers to lock in lower, long-term rates for clean energy by providing everything from permitting and installation to ongoing monitoring and maintenance.
Elon Musk, of Tesla (Nasdaq: TSLA) and SpaceX fame, is the founder and Chairman of SolarCity. Prior to SpaceX and Tesla, Elon co-founded PayPal.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Short Sellers See the Light (HLF) (FSLR) (NFLX) (TLSA)
- Notable 52-Week Highs and Lows of the Day 05/15: (RAD) (SCTY) (TSO) High; (SHZ) (AU) Low
- Despite Massive Moves in Solar Stocks, Boon Times are Cleary Not Here (FSLR) (JASO) (SCTY) (RSOL)
Create E-mail Alert Related Categories
IPOsRelated Entities
Credit Suisse, Merrill Lynch, Needham & Company, Bank of America, Roth Capital, Tesla
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
