A123 Systems IPO a go!
A123 Systems is pretty hot right now. How hot? It's got more sizzle than the A123-powered Killacycle (pictured above). It's been on the receiving end of $100 million investment dollars in a little over a year. That's definitely hot. And it's not all about "what ifs" and "could bes", these guys are making all kinds of batteries for companies like Black & Decker and Hymotion. They are testing with GM's Volt and stand a good chance of becoming the main supplier (or at least one of the main suppliers) for that model. So it seems A123, as they say, will strike while the iron is hot and issue an IPO.
According to Scott Kirsner over at Innovation Economy, the deal could put the company's worth up around $1 billion. If you want to get in on the action you should have the whole summer to save up. Kirsner predicts September will be the magic month.
[Source: Innovation Economy via GM-Volt]
Reader Comments (Page 1 of 1)
Kevin Nugent 8:35PM (5/01/2008)
I think there company is great , i wud do business with them anytime.
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winners 8:46PM (5/01/2008)
A123 is an exciting company, but can they compete with Enerdel (ENON)?
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tankd0g 11:28AM (5/02/2008)
As long as they don't do anything stupid like test fly that motorcycle on a city sidewalk they should be ok...
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micro 4:39PM (5/02/2008)
Altairnano battery is much much better.....
25,000 true cycles...
15+ years life...
10 minutes to charge ! ....
Soon it will be cheap ....
Safe !
alti market cap. is only 190 millions $ ...
My estimate ... if A123 systems will be 1 Billion$
Alti will be too ! 12$ vs. 2.25 today (-;
!!!!!!
Reply