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SolarCity IPO expected in third quarter: source

Thu, 02/02/2012 - 1:23pm
Reuters

LOS ANGELES (Reuters) - Solar power company SolarCity is expected to debut on U.S. markets in the third quarter this year and has hired Goldman Sachs to underwrite its initial public offering, a source close to the company said on Thursday.

The San Mateo, California-based startup will file its IPO plans with the U.S. Securities and Exchange Commission "within a few weeks," the source said. The deal is expected to value the company at around $1.5 billion.

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