According to a report, the Finnish-Chinese sports equipment manufacturer Amer Sports wants to raise up to 1.8 billion dollars (1.65 billion euros) from its planned IPO in New York. The owner of brands such as “Wilson” tennis rackets, “Salomon” and “Atomic” skis and “Peak Performance” clothing wants to sell 100 million shares for 16 to 18 dollars, the Bloomberg news agency reported on Monday, citing the People familiar with the plans.
The official announcement is expected within a few days. Reuters learned from insiders last week that Amer Sports was valued at around ten billion dollars in the IPO and wanted to raise billions. The initial listing is expected in January.
Listed on the Helsinki Stock Exchange until 2019
The issue is organized by the US investment banks Goldman Sachs, Bank of America, JPMorgan and Morgan Stanley. Amer Sports was listed on the Helsinki Stock Exchange until 2019, when a consortium led by Chinese sporting goods giant Anta Sports delisted the company. At the time, Amer Sports was valued at $5 billion. The owners also include the investment company FountainVest and the Chinese Internet group Tencent.
Amer Sports generates almost a fifth of its sales on the Chinese market; in 2020 it was only eight percent. In the first nine months of last year, Amer Sports had sales of $3.05 billion, an increase of almost 30 percent.
2024-01-22 17:25:00
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