Brookfield-owned battery maker Clarios scraps US IPO plans

Milwaukee, Wisconsin-based Clarios did not immediately respond to a Reuters request asking for more information on the withdrawal. Clarios filed to go public in the U.S. in 2021, but postponed its plans indefinitely later that year due to market volatility and macroeconomic pressures. The company was aiming for a valuation of nearly $11 billion in the offering by raising up to $1.85 billion at the top end of its IPO pricing range.