Deals
Solar Financier Loanpal Plans IPO as Soon as This Year
- San Francisco company could be valued at more than $10 billion
- Solar lending has been a key tool in home installation surge
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Loanpal, a provider of residential-solar loans in the U.S., is planning an initial public offering this year that could value the company at more than $10 billion, according to people with knowledge of the matter.
The company, which said in January it had raised more than $800 million from investors including New Enterprise Associates and WestCap Group, is working with advisers including Goldman Sachs Group Inc. ahead of a listing that’s expected to occur as soon as this year, one of the people said.