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Brookfield s battery maker Clarios eyes nearly $11 billion valuation in U S IPO
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Brookfield s battery maker Clarios eyes nearly US$11 billion valuation in U S IPO
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Clarios, the former Johnson Controls battery unit, files for IPO
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Brookfield-backed car battery maker Clarios files for IPO
Scott Deveau, Kiel Porter and Crystal Tse, Bloomberg News
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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.