Latest Updates: ipo RSS

• Elon Musk: Tesla Motors to IPO By End of 08
  Tate 10:04:31 pm on June 3, 2008 | 0 | # |
  Tags: electric cars, elon musk, ipo, tesla motors, tiecon

  According to Cnet, Elon Musk, the chairman and major funder of Tesla Motors (and PayPal founder)has indicated at the TieCon conference that Tesla will IPO by the of 2008 and seek to raise 100 million.  Musk wants to raise more financing to bring the company to profitablity and begin production on its luxury sedan, codenames White Star by 2010.

  Musk has made bold predictions for what will happen 30 years from now – a man on mars, solar the #1 source of energy and the majority of cars will be electric.  Perhaps not so bold considering the advancements we’ve seen over the past 30 years.

   

• Largest US Installer of Solar Energy Goes Public
  Tate 02:00:07 am on May 9, 2008 | 0 | # |
  Tags: ipo, real goods solar, rsol, solar

  Real Goods Solar (RSOL), a subsidiary of Gaiam (GAIA), an environmentally friendly lifestyle products retailer went public today but the stock didn’t shine.  It closed well below the pricing of $10/share as it’s main competitor Akeena Solar (AKNS) reported awful results this morning, saying that the company lost more than 4 million, a much larger loss than expected despite nearly doubling revenues.  Real Goods is profitable and has been around for many years, so probably the better play in this space.