Create a free Manufacturing.net account to continue

Tesla increases size of IPO by 20 percent

SAN FRANCISCO (Reuters) - Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong.

SAN FRANCISCO (Reuters) - Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong.

The increase, which comes the same day the shares are expected to price, increases the number of shares being offered to 13.3 million from 11.1 million, according to a regulatory filing.

SOURCE

More