When does the SolarCity trade fair take place?

SolarCity prepares to go public in the USA

San Mateo, USA - SolarCity Corporation, based in California, is preparing to go public on New York's Wall Street. For this purpose, the photovoltaic system provider has filed with the US stock exchange regulator, the U.S. Securities and Exchange Commission (SEC), a corresponding initial public offering (IPO) pending. The number of shares and the price range of the offer have not yet been determined, the company announced. SolarCity will apply for a listing on the New York NASDAQ under the ticker symbol "SCTY". Possibly the security could also be traded on German stock exchanges in the future if there is a corresponding interest. Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are intended to be the joint bookrunners for the issue of the shares. Other banking institutions involved are Needham & Company, LLC and Roth Capital Partners.

Rapid growth and industrial espionage lawsuits

SolarCity recently expanded into the US state of New York and has already created 100 full-time positions there. The company was founded in 2006. In 2011 the fast-growing company won the SJF Institute's Green Jobs Award for creating more than 1,360 jobs. In February of this year, news made the rounds that SunPower had sued its US competitor SolarCity for industrial espionage. Five former SunPower employees who were subsequently employed by SolarCity allegedly stole various company data such as market and business analyzes and contracts before they left.

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 © IWR, 2012

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