Photo Release -- NASDAQ Welcomes SolarCity to the NASDAQ Global Market (R)
SolarCity to Transform Exterior of NASDAQ MarketSite Building Into a Green
Garden Oasis and Give Visitors the Opportunity to Calculate Their Solar
NEW YORK, Dec. 13, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) announced today that the trading of SolarCity (Nasdaq:SCTY), a
national leader in clean energy services, commenced on The NASDAQ Stock
Market^® today, Thursday, December 13, 2012.
SolarCity executives celebrate after
ringing the bell to mark their debut on
The Nasdaq Stock Market.
SolarCity CEO Lyndon Rive and Chairman
SolarCity CEO Lyndon Rive and Chairman
Elon Musk discuss the company's IPO
Photos accompanying this release are available at:
"SolarCity's innovation is simple and powerful—they allow customers to pay
less for clean solar energy than they spend on utility bills," said Bob
McCooey, senior vice president, NASDAQ OMX Corporate Client Group. "We are
proud to welcome SolarCity to NASDAQ, which calls itself home to the world's
most innovative and progressive companies."
SolarCity has disrupted the energy industry's status quo by providing
renewable energy directly to customers for less than they are currently paying
for utility-generated energy. SolarCity makes it easy for customers to adopt
affordable clean energy by providing a one-stop-shop for sales, financing,
engineering, installation, monitoring, maintenance, and efficiency services.
The company currently offers services in 14 states, and signs up a new
customer every five minutes of the workday.
"Everyone wants control of their energy costs. Today, many are stuck using
dirty power at unpredictable rates, but don't realize that they have a better
energy option. SolarCity gives customers cleaner, more affordable alternatives
to their utility bills to protect themselves from rising energy costs," said
SolarCity CEO Lyndon Rive. "The most exciting thing about our IPO is that it
will enable us to help even more homeowners and organizations pay less money
for better energy, and we're grateful to NASDAQ for making it possible."
In celebration of its IPO on Thursday, December 13, SolarCity will build a
green garden oasis directly outside the NASDAQ MarketSite in Times Square.
Visitors can receive a gift from SolarCity, find their home on a satellite map
and learn how much money they could save on their utility bills by switching
to solar energy. The NASDAQ MarketSite is located at 4 Times Square on the
corner of 43^rd Street & Broadway.
Since its inception, NASDAQ OMX^® has consistently been the exchange of choice
for the world's most progressive companies. SolarCity joins some of the
world's leading innovators by listing on The NASDAQ Stock Market^®, including
Apple, Google and Tesla Motors.
About The NASDAQ OMX Group, Inc:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
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more than 1 million messages per second at sub-40 microsecond speeds with
99.99+% uptime, our technology drives more than 70 marketplaces in 50
developed and emerging countries into the future, powering 1 in 10 of the
world's securities transactions. Our award-winning data products and worldwide
indexes are the benchmarks in the financial industry. Home to approximately
3,400 listed companies worth $6 trillion in market cap whose innovations shape
our world, we give the ideas of tomorrow access to capital today. Welcome to
where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX
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The information contained above is provided for informational and educational
purposes only, and nothing contained herein should be construed as investment
advice, either on behalf of a particular security or an overall investment
strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes
any recommendation to buy or sell any security or any representation about the
financial condition of any company. Statements regarding NASDAQ-listed
companies are not guarantees of future performance. Actual results may differ
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of future results. Investors should undertake their own due diligence and
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