September 25, 2009 (FinancialWire) — A123 Systems, Inc. (NASDAQ: AONE) announced the initial public offering of 28,180,501 shares of its common stock at $13.50 per share.

The shares began trading on Thursday, September 24, 2009 on The NASDAQ Global Market under the ticker symbol “AONE.” Of the shares in the offering, 27,500,000 shares are being offered by the company and 680,501 shares are being offered by selling shareholders. The company has granted the underwriters the option to purchase up to an additional 4,227,075 shares at the initial public offering price to cover over-allotments, if any.

Morgan Stanley & Co. Inc. and Goldman, Sachs & Co. acted as joint book-running managers for the offering. BofA Merrill Lynch, Deutsche Bank Securities Inc., Lazard Capital Markets LLC, and Pacific Crest Securities acted as co-managers of the offering.

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