A123 bats battery IPO out the park

clock • 1 min read

Battery manufacturer sees share price soar 50 per cent on first day of trading, giving it a market cap of $1.9bn despite having never posted a profit

Battery manufacturer A123Systems finally unveiled its long-awaited IPO yesterday and immediately enjoyed runaway success, netting an estimated $400m (£250m) and fuelling confidence that the green economy...

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