Vivint Solar prices IPO at $16, the low end of the range

Vivint Solar, a Blackstone-backed installer of residential solar energy systems, raised $330 million by offering 20.6 million shares at $16, the low end of the range of $16 to $18. Vivint Solar plans to list on the NYSE under the symbol VSLR. Vivint Solar initially filed confidentially on 5/14/2014. Goldman Sachs, BofA Merrill Lynch, Credit Suisse, Citi, Deutsche Bank, Morgan Stanley and Barclays acted as lead managers on the deal.