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The Boston Globe

Business

Lower offer price wins SolarCity fans

NEW YORK — SolarCity Corp. may not have raised as much in its initial public offering as it had once hoped. But at its lowered offering price, the solar power company found more than a few takers.

During the first day of trading, shares jumped as much as 59 percent during the day. The stock closed Thursday at $11.79, or about 47 percent above its offering price or $8. That valued SolarCity at nearly $867 million.

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