Elon Musk-Backed SolarCity Seeks IPO Multiple of 19 Times Peers

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body-elon-musk-backed-solarcity-seeks-ipo-multiple-of-19-times-peers.jpg SolarCity Corp., the solar power provider led by billionaire Elon Musk, is betting prospects for clean energy and Musk's name will help it garner a valuation 19 times the price of peers in an initial public offering.

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