Vivint Solar Inc. (NYSE: VSLR) is now public, as its initial public offering (IPO) began trading Wednesday morning. Despite the public offering, Vivint will not receive proceeds from this IPO because Blackstone Group L.P. (NYSE: BX) is acting as a selling stockholder in this offering.

Please note: This story has been updated for live coverage. We have also added in a chart to show how the trends went.

Vivint had planned to offer 20.6 million shares at a price range of $16 to $18 each, according to SEC filings. The shares officially priced at $16. The company can offer an additional 3.09 million share for overallotments from its underwriters if the option is exercised.

The lead book-running managers are Goldman Sachs, Bank of America Merrill Lynch and Credit Suisse. Other book-running managers were Citigroup, Morgan Stanley, Deutsche Bank and Barclays. Blackstone Capital Markets is acting as a co-manager for the offering.

Shares of Vivint opened at $17.01 and moved as high as $18.71 in the first hour of trading and as low as $16.02.

Update for 4:00 p.m. Closing Bell: The market sell-off did no favors for Vivint shareholders. Despite the last two and a half hours generating only about 3.5 million shares of the entire 24.5 million shares traded for the day, Vivint shares slid lower and closed down at $16.01 on the lows of the trading day with 24.58 million shares. The trading range for the day was $16.01 to $18.71. See chart below from Yahoo! Finance.

Update 1:25 p.m.: Vivint shares are starting to slow down at 21 million. Shares were up to 5.9% to $16.94. The range for the day remains $16.02 to $18.71.

Update 12:30 p.m.: Vivint shares now hit 20 million on the day and shares were up 5.4% at $16.86. The range for the day remains $16.02 to $18.71.

Update 11:30 a.m.: Vivint Solar shares were up 8.4% at $17.35 on right at 18.3 million shares. The range for the day remains $16.02 to $18.71.

At 10:27 a.m. Eastern Time, shares were trading at $16.76. Almost 14 million shares have been traded in this first hour.

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