A123 Systems Inc. priced 28.1 million shares at $13.50 each, raising $378 million ahead of its stock-market debut on the Nasdaq on Thursday.
Tapping into growth expectations for electric vehicles and billions in stimulus for the sector from the U.S. government, the Watertown, Mass.-based lithium ion battery maker is going public above its already-increased range of $10 to $11.50 a share...MUCH MORE
Thursday, September 24, 2009
A123 Systems jolts IPO market (AONE)
I don't have an interest in IPO's in general (all the allocation shenanigans, quid pro quo, etc.) but would be remiss if I didn't at least mention this one. the stock is trading at $19.77, up $6.50 (45.5%). This is not a buy rec. From MarketWatch: