The Wisconsin-based firm said it expects to offer more than 88 million shares at US$17 to US$21 each. It plans to use the money raised in the initial public offering to pay down debt. (The Logic)
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The Wisconsin-based firm said it expects to offer more than 88 million shares at US$17 to US$21 each. It plans to use the money raised in the initial public offering to pay down debt. (The Logic)
Talking point: As Clarios’s test of the public markets draws nearer and it discloses more information at its roadshow, investors will learn whether Brookfield Business Partners made a good bet in April 2019 by buying the company for US$13.2 billion in a partnership that included the Caisse de dépôt et placement du Québec. Clarios’s revised prospectus on Tuesday suggests it is the top supplier in both the Americas and Europe, Middle East and Africa, and the only global producer of low-voltage mobility batteries. But the company posted a loss before income taxes in the nine months ending June 30, 2021 and in the same period of 2020.
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