SolarCity IPO Scheduled for December 12


NOTE: There is an update to this post here.

SolarCity, a San Mateo, California-based company that installs and sells solar power systems to homeowners, businesses, and government institutions, is currently scheduled to price shares in its initial public offering (IPO) by December 11 and may begin trading as early as December 12 on the NASDAQ under ticker symbol "SCTY".

Based on SolarCity's most recent S-1 filing, the company plans to sell 10 million shares of common stock at a price range of between $13 – $15 per share.  If the final offering price is at the midpoint of this range ($14), the company estimates that the net proceeds it will receive in the IPO will be approximately $127 million (net of commissions and expenses related to the IPO).  

If the final offering price is $14, SolarCity will have a market capitalization of approximately $1 billion (based on the approximately 71 million shares of common stock outstanding as indicated in the S-1).

You can learn more about this offering via the following:

In addition, are some videos with background information on SolarCity