UPDATE 1-A123 raises estimated pricing of IPO by 23 pct


* New estimate $10-$11.50/shr; previous estimate $8-$9.50 * Sees net proceeds of $247.7 mln * Pricing due Wednesday NEW YORK, Sept 22 (Reuters) - Lithium-ion car battery maker A123 Systems Inc on Tuesday raised the estimated price of its initial public offering by 23 percent and now expects proceeds of about $276 million. A123 estimated it will sell 25.7 million shares at $10 to $11.50 apiece, according to a filing with the U.S. Securities and Exchange Commission. The original price ...

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