Panel installer Solarcity files for $200 mln IPO

Oct 5 (Reuters) - Solar panel installer Solarcity Corp filedwith U.S. regulators to raise up to $201 million in an initialpublic offering of its common shares.

Growth in solar installations in the United States hasoutpaced forecasts in recent months as low panel prices pusheddown costs.

The company plans to list its common stock on the Nasdaqunder the symbol "SCTY."

Solarcity said it might use a part of the proceeds from theoffering to expand its current business through acquisitions orinvestments in other complementary strategic businesses,products or technologies.

Goldman Sachs, Credit Suisse Securities and BofA MerrillLynch are acting as the lead underwriters for the offering.

The amount of money a company says it plans to raise in itsfirst IPO filings is used to calculate registration fees. Thefinal size of the IPO could be different.

(Reporting by Ashutosh Pandey in Bangalore; Editing by SupriyaKurane)

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