SolarCity Takes Step Forward In Proposed Initial Public Offering


Clean energy services provider SolarCity has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common stock.

The company first announced its planned IPO in April.

The number of shares to be offered and the price range for the offering have not been determined. SolarCity says it intends to apply to list its common stock on the NASDAQ Global Market under the ticker symbol SCTY.

Goldman Sachs & Co., Credit Suisse Securities LLC and BofA Merrill Lynch will act as joint book-running managers for the offering. Needham & Company LLC and Roth Capital Partners will act as co-managers. This offering will be made only by means of a prospectus, SolarCity notes.

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