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Fuel cell developer intelligent energy valued at $1.1 billion in London I.P.O.

from Deal Book

Intelligent Energy, a British developer of hydrogen fuel cells for automobiles and consumer electronics, said that its initial public offering in London valued the company at about $1.1 billion. The offering of 16.2 million shares was priced at 3.40 pounds a share, in line with the company's prior expectations. more

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