Reported 1 day ago
Clarios International, a battery manufacturer owned by Brookfield, has withdrawn its plans for an initial public offering (IPO) in the United States, initially filed in 2021. Market volatility and macroeconomic challenges led to the indefinite postponement of their offering, which aimed for a valuation of nearly $11 billion. This decision comes even as U.S. IPO activity is on the rise, driven by a bullish market.
Source: YAHOO