Wednesday, December 12, 2012

SolarCity Chops IPO Estimates

San Mateo-based SolarCity, the provider of solar power financing programs, has lowered its IPO pricing, and boosted its offering size, ahead of a possible IPO. SolarCity said it is now offering to sell 11,434,988 in its IPO, and estimates the IPO price at $8.00 per share. That price is less than the initial, $13.00 to $15.00 range that the company estimated earlier. SolarCity is looking to trade on the NASDAQ Global Market as SCTY.