Clarios International postpones $1.85bn IPO: Reuters

Clarios International, a car battery maker owned by Brookfield Asset Management, has delayed its initial public offering due to market volatility.

Clarios International, a car battery maker owned by Brookfield Asset Management, has delayed its initial public offering due to market volatility. The company, which had aimed to raise up to $1.85 billion, said it would reassess market conditions in the coming months. Brookfield, in partnership with Caisse de dépôt et placement du Québec, in 2019 bought Clarios from Johnson Controls International for $13.2 billion.

Source: Reuters