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VSLR News

RUN by the sun: Sunrun files for an IPO that could raise over $500 million

RUN

Sunrun, the second-largest residential solar company in the US, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $500 million or more. Competitor Vivint Solar (VSLR) went public in September 2014; it has gained 45% this year and now trades 15% below...read more

US IPO Pricing Recap: 11 IPOs trade poorly but investors can't get enough American Addiction

W

11 IPOs priced during the week of September 29, but only 3 had any meaningful gains, including two tech deals and American Addiction Centers, a network of substance abuse treatment centers. The group raised $2.4 billion; 25% less than expected after frac sand maker Fairmount Santrol cut its deal size 60% to just $400 million. Fairmount was one of five offerings with private equity...read more

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...read more

11 IPOs planned for the week of September 29; 4th quarter kicks off with a $1 billion IPO

AAC

Heightened IPO activity continues with 11 IPOs set to raise $3.2 billion this week, following the nine companies that went public last week. The week ahead should see five private equity-backed IPOs, including four LBOs and one...read more