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 |
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