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...
To continue reading this article...
Join BusinessGreen
In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
- Receive important and breaking news stories via our daily news alert
- Our weekly newsletter with the best of the week’s green business news and analysis