Expected to be priced at 10.50-11.00, A123 Systems (AONE) went public today with a pre-trading value of 13.50... it never traded that low. The lowest price the stock saw was 16.56 and has not looked back in about one hour of trading, soaring up to 19.70 with incredible momentum.
Those who got in before trading begun have made a sizable gain. Not bad for a company that has yet to show a profit in eight years.
I am not inclined to chase a mad crowd, but then I also chose not to buy Google (GOOG) when it was issued in the $80's.
Oh well!
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Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts
Thursday, September 24, 2009
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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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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