A123 Systems (AONE) Raises IPO Price Range to $10-$11.50

September 22, 2009 12:23 PM EDT
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A123 Systems, Inc. (Nasdaq: AONE) raised the expected price range of its 25,680,501 share IPO from $8.00-$9.50 per share to $10.00-$11.50. The Company plans to list on the NASDAQ under the symbol "AONE".

The offering is being made through Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Deustche Bank, Lazard Capital Markets and Pacific Crest Securities.

A123 designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems.

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