Venture-backed residential photovoltaic installer SolarCity is now believed to be lining up its $200m initial public offering to take place before the end of the year.
The San Mateo-based company originally filed its intention to go public at the start of October and will begin its investor roadshow after the Thanksgiving holidays in the US, a report in local news service Mercurynews.com reports.
The SolarCity IPO is the most anticipated cleantech listing since company backer Elon Musk’s other green venture Tesla went public in 2010.
The $201.25m figure it has outlined on its Securities & Exchange Commission form is the placeholder amount used to calculate fees and may change.
The exact number of shares to be offered and the price range for the offering have not yet been determined.
To date SolarCity has raised $1.57bn to back residential solar installations through 23 investment funds and related financing facilities, all established with banks and other large companies such as Credit Su., and it continues to create additional investment funds.
In February the company raised its most recent equity round, gathering $81m from investors including Silver Lake Kraftwerk, Valor Equity Partners and DBL Investors.
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