(Finance) – Amer Sportsa Finnish group of sports and outdoor brands, has launched its initial public offering (IPO) of 100,000,000 shares of common stock, granting the underwriters a 30-day option to purchase up to an additional 15,000,000 shares of common stock to cover the over-allotment. The IPO price should be included between $16.00 and $18.00 per share, for a collection that could therefore reach 1.8 billion dollars.
Amer Sports has received approval to list its common shares on the New York Stock Exchange with the symbol “AS“.
This is a global group of iconic brands, including ski equipment Solomon and that of tennis rackets Wilson. Amer Sports has more than 10,800 employees worldwide, operates in 41 countries, and its products are sold in more than 100 countries. Revenue in 2022 was $3.5 billion.
ANTA Sports has indicated an interest in purchasing up to an aggregate of $220 million of common stock in this IPO pricing offering, Anamered Investments has indicated an interest in purchasing up to an aggregate of $220 million of common stock, and Tencent Holdings has indicated an interest in purchasing up to a total of $70 million in shares. ANTA Sports, Anamered and Tencent act as cornerstone investors and are already investors in Amer Sports.