Solar rooftop company SolarCity rang the NASDAQ opening bell this morning, as the company debuted on the public market at $8 per share. While the $8 price point was significantly lower than previously expected (originally at $13 to $15 range), the company didn’t shelve the IPO in the 11th hour, as other cleantech startups have done in recent months.
We’ll see how the stock fares on its inaugural day, and we’ll bring you updates on that. The company is widely seen as a bellwether for how Wall Street will react to companies selling clean energy, solar and cleantech, and also represents one of the few venture-backed cleantech exits in 2012. The company’s investors include co-founder and Tesla CEO Elon Musk, as well as Draper Fisher Jurvetson, and DBL — SolarCity’s investors have agreed to buy up about a third of the available float in the offering.
In the meantime, while we track the stock, here’s photos of the bell ringing, featuring SolarCity CEO Lyndon Rive, Musk and other execs and friends: