A123Systems Preparing IPO
On the heels of A123System’s plug-in hybrid conversion company Hymotion finally offering its kit to consumers, words is out that the lithium ion battery company is very close to filing its IPO, according to Scott Kirsner via Pehub.com.
Kirsner says A123Systems will likely file next month after its first quarter numbers have been filed and has chosen its bankers for its IPO: Goldman, JPMorgan and Merrill. The company could be valued at more than $1 billion says Kirsner. PEhub.com notes that A123Systems has raised more than $132 million from a long list of investors including General Electric, Procter & Gamble, Motorola, Qualcomm, North Bridge Venture Partners, Sequoia Capital, CMEA Ventures, FA Technology Ventures, OnPoint, and the Massachusetts Institute of Technology.
We haven’t confirmed this story, but we’ve contacted the company to learn more.
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