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Vivint Solar, a competitor to Elon Musk-backed SolarCity (SCTY), announced terms Thursday for an IPO that seeks to raise $350 million. The Provo, Utah-based company plans to offer 20.6 million shares at a price range of 16-18. At the midpoint, Vivint Solar would have a market value of $2 billion. SolarCity, which made its initial public offering on Dec. 12, 2012, has a market cap above $6 billion. SolarCity’s IPO priced at 8 and raised $92 Scalper1 News
Scalper1 News