IPO

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Initial Public Offering

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General info on Clarios

About the company

  • Name
    Clarios International Inc.
  • Industry
    Automotive, Energy, Energy Storage
  • Employees
    5000 – 10,000
  • Founding year
    2019
  • Ticker
    BTRY

Filing Information

  • IPO file date
    2/07/2021
  • No. of shares
    88,080,495
  • Price
    $17 - $21
  • Exchange
    New York Stock Exchange
  • Bookrunners
    Bank of America Securities, JPMorgan Chase
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IPO Details

About Clarios

Initially, a subsidiary of Johnson Controls, Clarios became one of the world’s largest producers and suppliers of energy storage solutions. Clarios designs and manufactures advanced, low-voltage batteries that power cars to commercial vehicles, motorcycles, to industrial products.

In 2018, Brookfield Business Partners bought it, and in May 2019, it became a stand-alone business and a wholly owned subsidiary.

IPO figures

According to its S1 form submitted to the US Security and Exchange Commission, Clarios could be valued at $10.7 billion. The Milwaukee-based company offers 88,080,495 shares, with a price range of $17 - $21 apiece.

Clarios is looking to raise as much as $1.8 billion once it starts trading on the New York Stock Exchange under the symbol “BTRY.”

What is Clarios’ valuation?

Considering a full dilution of its shares, Clarios could be valued at $11.2 billion if the top price target is reached. According to its statement, Clarios has an enterprise valuation of $18 billion.

Clarios: what you need to know

  • One-third of the cars in the world are using Clarios products
  • It has several owned brands such as LTH, OPTIMA, Varta, Delkor and
  • It is backed by one of the biggest Canadian state pension investors: Caisse de dépôt et placement du Québec (CDPQ)

 

Sources: crunchbase.com, sec.gov, stockanalysis.com

Summary

  • Ticker
    BTRY
  • Price
    $17 - $21
  • Exchange
    New York Stock Exchange
  • Bookrunners
    Bank of America Securities, JPMorgan Chase
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Key elements

Find out the most essential numbers for Clarios IPO

Global sales in fiscal 2020

$1.9B

Gross profit in fiscal 2020

$1.19B

Fiscal 2020 revenue

$7.6B

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Clarios

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A closer look at Clarios IPO
Learn why traders are always eager to trade IPOs

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  • Status: Upcoming
  • IPO Date: -
  • Price: $17 - $21

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