SolarCity postpones IPO,reason not immediately clear-underwriter

Tue Dec 11, 2012 6:32pm EST

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Dec 11 (Reuters) - Solar panel installer SolarCity Corp has postponed its initial public offering set to price on Tuesday, according to an underwriter and a market source.

The San Mateo, California-based company had intended to price 10.1 million shares at a range of $13 to $15.

It was not immediately clear why SolarCity delayed its offering.

A spokesperson for SolarCity was not available for comment.

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