Sources said the car-battery maker put Thursday’s plans to raise as much as US$1.8 billion on ice because of market conditions. (Bloomberg)
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Sources said the car-battery maker put Thursday’s plans to raise as much as US$1.8 billion on ice because of market conditions. (Bloomberg)
Talking point: Clarios is backed by the Caisse de dépôt et placement du Québec and is a subsidiary of Brookfield Business Partners, and now its benefactors will have to wait on better market conditions for a liquidity event. News that Clarios will delay the public offering came as meme-stock hero Robinhood failed to impress investors Thursday, pricing on the low end of its range and falling five per cent further in its first hours of trading on the Nasdaq. Still, Brookfield told Reuters that it is still “looking forward to taking Clarios public” despite deferring the public offering.
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