Sunrun Inc., a San Francisco-based residential solar energy company with nearly 80,000 customers, disclosed plans for an initial public offering. The official paperwork says that Sunrun will seek to raise $100 million, but that’s likely just a placeholder figure that will later be changed. In its filing, Sunrun said that it plans to trade on the NASDAQ under ticker symbol RUN, with Credit Suisse, Goldman Sachs and Morgan Stanley serving as lead underwriters.
The company was founded back in 2007, and today competes with such companies as SolarCity and Vivint Solar.
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