Last week, the successful public debut of lithium battery maker A123Systems, which saw its shares jump over 50 percent on opening day, warmed the wallets of investors worried that a cleantech IPO could freeze in the icy public markets. The stock, which was priced at $13.50 and opened at $17, traded as high as $24 on Thursday, suggesting that investors are still feeling confident. But how exactly did individual investors fare?
The Cleantech Group showed off a great table on a media call this week, plotting the percentage and value gains on the day after A123 started trading, and we re-created it below. Thomson Reuters crunched some of the numbers last week and found that the company’s VC investors made an average a return of a little over 4 times their investment (which is not bad, but not amazing). The Cleantech Group points out that individual investors made returns of between 2 and 8. Look at the handy chart below to see who owns how much:
| Shareholder | Number of Shares | Percentage | Value As Of Day After Trading |
|---|---|---|---|
| All Directors and Officers as a group (15 persons) | 25,769,226 | 25.8% | $522,857,596 |
| North Bridge Venture Partners (entities affiliated with) | 8,859,619 | 9% | $179,761,670 |
| General Electric Company (entities affiliated with) | 8,280,622 | 8.4% | $168,013,820 |
| Gururaj Deshpande (Chairman of the Board) | 7,017,629 | 7.1% | $142,387,692 |
| Qualcomm | 5,351,864 | 5.5% | $108,589,321 |
| Motorola | 4,844,914 | 4.9% | $98,303,305 |
| Morgan Stanley Emerging Markets | 3,107,899 | 3.2% | $63,059,068 |
| Sequoia Capital (entities affiliated with) | 2,886,506 | 2.9% | $58,567,207 |
| AllianceBernstein Venture Fund | 2,713,314 | 2.8% | $55,053,141 |
| Anchorage Capital Master Offshore | 2,497,919 | 2.5% | $50,682,777 |
you call them investors and say its confidence. I claim they are speculators (short term holding only) and its confidence in the gulibility of the crowd, not the confidence in an upwardly mobile market.
This is another of the posts that want me to ask we rebrand this site as earth2tech/toutsheet.
I know a guy says this horse,… name of paul revere….this guy says the horse can do, he says the horse can do …
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