SolarCity Announces Pricing of its Initial Public Offering

published: 2012-12-13 14:34 | editor: | category: News

SolarCity Corporation, a provider of clean distributed energy, announced the pricing of its initial public offering of 11,500,000 shares of common stock at a price of $8.00 per share. The common stock is expected to begin trading on The NASDAQ Global Market on December 13, 2012 under the ticker symbol “SCTY.”

A total of 11,434,988 shares are being offered by SolarCity and 65,012 shares are being offered by selling stockholders. In addition, SolarCity has granted the underwriters a 30-day option to purchase up to 1,725,000 additional shares of common stock from SolarCity to cover over-allotments, if any.

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.

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