SolarCity postpones off IPO after lowering target
Posted on December 11, 2012 at 20:42 PM EST
SolarCity Corp. has reportedly decided the climate isn't right for its stock market debut, two weeks after lowering the amount it planned to raise. Reuters cited an unnamed underwriter and a market source who said the San Mateo solar panel installer decided to wait but no official explanation was offered. The company originally set a target of $201 million when it filed for its IPO in October but dropped that to $151 million in the last week of November. The IPO was first expected last week and…
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