A123 Systems Completes IPO, Trading at US $20
Mon Sep 28, 2009 2:37pm EDT
By Renewable Energy World - Renewable Energy World
A123 Systems Inc. last week, completed an initial public offering of 28,180,501 shares of its common stock at US $13.50 per share. The shares will begin trading on Thursday, September 24 on The Nasdaq Global Market under the ticker symbol "AONE."
Of the shares in the offering, 27,500,000 shares are being offered by the company and 680,501 shares are being offered by selling shareholders. The company has granted the underwriters the option to purchase up to an additional 4,227,075 shares at the initial public offering price to cover over-allotments, if any.
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