Vivint Solar Prices IPO At Low End Of Range

(RTTNews) - Vivint Solar said Tuesday that it has priced its initial public offering of 20.6 million shares of common stock at a price to the public of $16 per share, which is the low end of the previously estimated price range of $16 to $18 per share.

In addition, a selling stockholder affiliated with The Blackstone Group L.P. (BX) has granted the underwriters a 30-day option to purchase up to an aggregate of an additional 3,090,000 shares. Vivint Solar will not receive any of the proceeds from the sale of shares by the selling stockholder.

Vivint Solar's common stock will trade on the New York Stock Exchange under the symbol "VSLR."