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Brookfield-backed car battery maker Clarios files for IPO

Brookfield-backed car battery maker Clarios files for IPO Scott Deveau, Kiel Porter and Crystal Tse, Bloomberg News Tesla Plans to Recall Over 285,000 Cars in China VIDEO SIGN OUT Car battery manufacturer Clarios International Inc., backed by Brookfield Asset Management, filed for an initial public offering, disclosing growing sales and losses. Clarios in its filing Friday listed the size of the offering as US$100 million, a placeholder that will change when it sets terms for the share sale. Clarios said in a statement in May that it had filed confidentially for an IPO. Brookfield, which acquired Clarios in 2019, was seeking to have the portfolio company valued at more than US$20 billion in an IPO, Bloomberg News reported in February.

Brookfield s car battery maker Clarios confidentially files for U S IPO

By Reuters Staff 2 Min Read (Reuters) -Car battery maker Clarios, backed by Canada’s Brookfield Asset Management Inc, said on Wednesday it had confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering. The company did not disclose other details about the proposed offering. The flotation of Clarios, which could be valued at over $20 billion in its IPO according to a person familiar with the matter, would mark one of the biggest stock market debuts from the automotive sector this year. Electric-vehicle maker Lucid Motors struck a $24-billion merger deal with a blank-check firm in February, while another high-flying startup Rivian is also lining up to go public later this year.

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