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SolarCity Up In IPO
Foster City-based SolarCity, the provider of solar power purchase agreements for the solar installation market, debuted in its IPO this morning, after pricing at $8 per share Wednesday evening. The firm was trading as high as $11.00 in morning trading. SolarCity sold 11.5 million shares at $8 in the IPO. SolarCity was backed by Elon Musk, Draper Fisher Jurvetson, Generation IM Climate Solutions Fund, DBL Investors, Mayfield Fund, Shea Ventures and Valor Equity Partners, among others.
posted on Thursday, December 13, 2012

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