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Davis Polk, Cleary Guide Clarios $1.7B IPO Launch
Law360 (July 20, 2021, 7:30 PM EDT) Vehicle battery manufacturer Clarios, which is backed by investors including Brookfield Business Partners, launched a roughly $1.67 billion initial public offering Tuesday that was guided by Davis Polk and underwriters counsel Cleary Gottlieb.
The Milwaukee, Wisconsin-headquartered company outlined a mixed offering, featuring common shares and mandatory convertible preferred stock, as well as a private placement, as it begins a road show to sell the company and its story to prospective investors.
Clarios International Inc. plans to price 88 million common shares between $17 and $21 each, which stands to raise $1.67 billion at the midpoint, according to an amended filing with.
Clarios Announces Launch of Initial Public Offering
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