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SolarCity puts off planned IPO abruptly
- deleted 14y ago[deleted]
- colmvp 14y agohttp://www.wired.com/business/2012/12/solarcity-delay/ http://www.wired.com/business/2012/12/solarcity-delay/ "After first delaying its IPO by a day, the company decided to cut the offer price of its shares by almost half – from an initial range of $13 to $15 per share to $8."
- zhaphod 14y agoI think the IPO is still a go but at a sharply reduced price. Any one knows why the delay happened in the first place and why the price was reduced? http://www.mercurynews.com/business/ci_22176749/solarcity-chops-price-ipo-shares-8-increases-size http://www.mercurynews.com/business/ci_22176749/solarcity-ch...
- jakozaur 14y agoSolarCity seems to be a black swan[1] of photovoltaic energy. Short term we may wonder what is the right price for IPO, but long term it seems that they incredible well identified the root problem vs. cost to solve for solar system. Reminds me an analogy of passenger airplanes, where we though that most savings will come from more efficient airplanes, while dynamic pricing provide a huge efficiency boost. [1] - http://en.wikipedia.org/wiki/Black_swan_theory http://en.wikipedia.org/wiki/Black_swan_theory