Lithium-ion battery maker A123Systems Inc. set some of the terms of its initial public offering, which the Watertown company first registered for more than a year ago. No date has been set for the company to go public, but a recent filing with the Securities and Exchange Commission said it will offer 25 million shares of common stock, priced between $8 and $9.50 per share. Selling stockholders, which include members of senior management, also will offer an additional 680,501 shares. The total value of the stock is between $205.4 million and $244 million, according to the filing.
Last month, the US Department of Energy awarded A123Systems $249.1 million in federal stimulus money to build a plant in Michigan where it plans to make batteries for electric cars. Chrysler’s new line of electric vehicles will use A123System batteries, the company said in April.
