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Car battery maker Clarios downsizes proposed IPO to $100M from $1.67B

Jul. 01, 2022 6:50 PM ETBy: Val Brickates Kennedy, SA News Editor5 Comments

Initial public offering hologram, night panoramic city view of Bangkok. The financial center for multinational corporations in Asia. The concept of boosting the growth by IPO process. Double exposure.

2d illustrations and photos/iStock via Getty Images

Battery maker Clarios has downsized its proposed US initial public offering to around $100M from $1.67B.

In its latest SEC filing, Clarios said that it is now looking to raise up to $100M,

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Comments (5)

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Doctor_ECE_Prof profile picture
Either they are desperate for money or this IPO price should have been the real price if we did not have that crazy money chasing all the zombies 😪😁
Just bought a new battery, it is hard to imagine how they are losing money for the price I just paid
Sa4791 profile picture
How does one loose money selling car batteries
What a downsize.
Pacifica Yield profile picture
This market collapse is quite spectacular. Definitely living in history being made.
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