Blog Post

A123 Systems, a large supplier of rechargeable lithium-ion batteries, made it's initial public offering today. The shares, which earlier this week were projected to price somewhere in the $8-$9.50 range, priced today at $13.50. The deal raised around $380,000,000 and had a great deal of success once the first trade was made. The price opened on the NASDAQ at $17, up 26% from the IPO price. The closing bell has just been rung and the stock has closed at $20.29, up 50.3% from the IPO price.

I managed to get in on this stock right after online trading was authorized. I made a small purchase at the price of $17.36. The investment paid off well and should continue to pay off well in the near future. Although A123 has not been profitable, they have deals with auto makers to produce lithium-ion batteries and looks to see positive growth in the future.

Next up on the IPO front is Shanda Games (NASDAQ: GAME). The spinoff of Shanda Interactive is looking to raise nearly a billion dollars when they offer 83.5 million new shares tomorrow. Look for Shanda to price around $12 tomorrow and see some modest gains.