WSJ – SolarCity’s shares opened at $9.25 on the Nasdaq Stock Market NDAQ -0.29% on Thursday, up 16% from their $8 IPO price. The stock continued its climb minutes after its first trade, rising 28% to $10.23 in recent action.
SolarCity, in San Mateo, Calif., made it to market after pushing back its debut by a day and cutting its share-price target. The firm sold 11.5 million shares at $8, well under an initial $13-to-$15 range outlined in filings with the Securities and Exchange Commission. In total, the $92 million deal brought in 40% less than the most-optimistic numbers provided in the company’s prospectus.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.