Clarios IPO: How to buy BTRY stock?

3 min read | July 06, 2021 08:02 AM EDT | By Raza Naqvi

Clarios IPO: How to buy BTRY stock? — Image source: G-Stock Studio, Shutterstock.com

All you need to know about Clarios International

Clarios, which makes advanced battery technologies for vehicles, was acquired by Brookfield Asset in 2019 after it won an auction and bought Clarios from Johnson Controls International. The deal was worth US$ 13 billion, reportedly the second largest deal on record at that time.

According to its prospectus filed with the Securities and Exchange Commission (SEC), Clarios declared that it recorded revenues of US$ 4.5 million in six months ended March 31, 2021.

In the same period, the company's net loss expanded to US$ 248 million, up from US$ 86 million for the six months ending March 31, 2020.

Clarios, which makes batteries for vehicles powered by gasoline engines, has presence in over 140 countries, with an employee strength of 16,000. The company claims that its batteries power one in every three cars across the globe.

Apart from Brookfield Assets, the firm is also supported by Caisse de dépôt et placement du Québec (CDPQ). Clarios has said that entities affiliated with Brookfield and CPDQ will retain more than 50 per cent of the voting power even after the IPO.

How to buy the Clarios stock?

Clarios has not yet specified the date, price or size of its IPO. Investors who are interested in this stock could either explore the option of making an account with a brokerage company or they could register themselves with a stockbroker.

Before selecting a trading platform, you can consider a few factors like special offers, low fees and the types of investments offered by the platform.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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