💨 Abstract

Clarios International, a car battery manufacturer owned by Brookfield, has withdrawn its IPO plans in the US, citing market volatility and economic pressures. The company filed for IPO in 2021, aiming for a valuation of $11 billion, but postponed its plans later that year. Brookfield acquired Clarios in 2019 for $13.2 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖