And now for the clear dip that we’ve all been waiting for. According to a report out on Wednesday morning from Dow Jones VentureSource, with analysis by Ernst & Young, cleantech venture capital investing dropped 44 percent to $1.1 billion.
One more look back at 2009 — the $371 million IPO of lithium battery maker A123Systems (s AONE) back in late September, was the largest of last year, according to a report from Dow Jones VentureSource. Investors definitely had confidence in the company on September 24, 2009, and that morning A123 Systems’ stock leapt more than 50 percent to close at $20.29 per share after pricing at $13.50 per share.
First off, A123 Systems’ lead makes the IPO prospects for greentech firms, and particularly electric vehicle companies, in 2010 look pretty good. The IPO market in 2009 was still very “anemic,” points out Dow Jones VentureSource. A123 Systems represented about a third of the overall IPO market in 2009 (about $900 million in all of 2009, see graphic below).
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