Blackstone’s Vivint Plans $371 Million IPO as Solar Demand Rises

Vivint Solar, the rooftop power producer owned by Blackstone Group LP, is seeking to raise as much as $371 million from its initial public offering.

Vivint Solar plans to offer 20.6 million shares at $16 to $18 each, according to a filing today with the U.S. Securities and Exchange Commission. Goldman Sachs Group Inc., Bank of America Corp. and Credit Suisse Group AG are leading the deal.