Maxim Group Starts SolarCity (SCTY) at Hold

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Elon Musk's SolarCity (SCTY) IPO Opens Higher

December 13, 2012 11:10 AM EST

The IPO for billionaire Elon Musk's SolarCity (NASDAQ: SCTY) opened for trading at $9.25 after pricing 11,500,000 shares $8 per share, after it was recently reduced from a $13-$15 price target range.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are... More

UPDATE: Elon Musk's SolarCity (SCTY) IPO Prices at $8

December 13, 2012 8:28 AM EST

(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... More