Wednesday, September 23, 2009

An IPO to Watch, A123 (AONE)

Today we await the pricing of an initial public offering: A123 Systems (AONE).
The expected price range is between 10.50 and 11.00.

A123 (AONE) designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems.

Financial backers for this company include: the U.S. Government, General Electric (GE), Motorola (MOT), Qualcom (QCOM), and AES (AES).

Chances are, this will be the hottest IPO for '09.

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