Tuesday, 16 September 2014
Last updated 7 hours ago
Sep 11 2009 | 12:57pm ET
Massachusetts-based battery-maker A123 is on the verge of going public, having re-filed its IPO papers last month. Underwriters have set terms of the offering at 25 million shares at an estimated $8 to $9.50 apiece.
The startup raised $100 million this summer from investors including General Electric, North Bridge Venture Partners and Qualcomm Inc, and last month received a $249.1 million electric- car-battery grant from the U.S. Department of Energy (DoE).
Chrysler has chosen the company to produce lithium-ion batteries for its planned electric cars.
A123 first filed its IPO plans with the U.S. Securities and Exchange Commission in August 2008. The battery maker would be the first U.S. cleantech company to go public since July 2008.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?