Sunrun (RUN) Prices 17.9M Common Stock IPO at $14/Share

Sunrun Inc. (Nasdaq: RUN) announced the pricing of its initial public offering of 17,900,000 shares of common stock at a price to the public of $14.00 per share. The common stock is expected to begin trading on the NASDAQ stock exchange on August 5, 2015 under the ticker symbol "RUN."

A total of 17,482,268 shares are being offered by Sunrun and a total of 417,732 shares are being offered by certain selling stockholders. In addition, Sunrun and certain selling stockholders have granted the underwriters a 30-day option to purchase an aggregate of up to 2,685,000 additional shares of common stock to cover over-allotments, if any.

Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead book-running managers for the proposed offering. BofA Merrill Lynch and RBC Capital Markets, LLC are also acting as book-running managers and KeyBanc Capital Markets Inc. and SunTrust Robinson Humphrey, Inc. are acting as co-managers.

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