A123 Jumpstarts IPO Market

September 28, 2009 by admin 

a123-ipo1

A123 Systems, an electric-car battery maker soared more than 50% on its first day of trading as a public company. Demand was so strong that underwriters boosted the number of shares sold by more than 50%. The Wall Street Journal reported that “underwriters substantially marked up the price at which those shares were initially sold to the public. A123’s stock had been expected to come to market somewhere between $8 and $9.50 a share and was instead priced at $13.50, for a total deal value of $380 million. Shares ended the day at $20.29.”

Jerry coached the road show presentation.

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One Response to “A123 Jumpstarts IPO Market”

  1. Christopher Springmann on September 28th, 2009 11:28 am

    Oh, Jerry, you are too humble!

    “Jerry coached the road show presentation . . . A123’s stock had been expected to come to market somewhere between $8 and $9.50 a share and was instead priced at $13.50, for a total deal value of $380 million. Shares ended the day at $20.29.”

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