A123 Systems prices its IPO at $13.50, far above the range

A123 Systems, a maker of rechargeable lithium-ion batteries and battery systems, raised $380 million by offering roughly 28.2 million shares (2.5 million shares more than expected) at $13.50, far above its originally proposed price range of $8.00-$9.50. The IPO was lead managed by Morgan Stanley and Goldman Sachs, and the stock is set to begin trading on the NASDAQ under the ticker symbol AONE on Thursday.