Deals
Brookfield-Backed Clarios Postpones $1.8 Billion IPO
- Clarios had been set to sell its IPO shares on Thursday
- Decision comes as Robinhood prices its IPO at low end
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Clarios International Inc., the car battery maker backed by Brookfield Asset Management Inc., has postponed an initial public offering citing market volatility.
“Clarios will reassess the market conditions in the coming months and will keep the market informed,” the company said in a statement, confirming a Bloomberg News report. The company had planned to raise as much as $1.8 billion on Thursday.