Market Overview

SolarCity Announces Exercise of Over-Allotment Option, Closing of IPO

Share:
Related
As Bulls In SolarCity Salivating, Gordon Johnson Firm On His Sell Rating
Myth Buster: This Analyst Is Convinced SolarCity Shares Are Ripe For A Bounce
SolarCity: Growing Success Outside Of Residential Solar (Seeking Alpha)

SolarCity Corporation (Nasdaq: SCTY), a provider of clean, distributed energy, announced today that the underwriters of its initial public offering have exercised their option to purchase an additional 1,725,000 shares of common stock from SolarCity at a price of $8.00 per share. The sale of these additional shares of common stock closed earlier today, following the closing on December 18, 2012 of the sale of 11,434,988 shares by SolarCity and 65,012 shares by selling stockholders. As a result, SolarCity has received aggregate net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately $94.6 million.

Posted-In: News IPOs

 

Related Articles (SCTY)

View Comments and Join the Discussion!