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Article Date: February 2024
Word Count: 228

Amer Sports IPO Priced Below Range


AS went out at $13 per share Thursday morning, below the indicated range in its prospectus of $16 to $18 per share, implying a market cap of about $6.3 billion. The offering of 100 million shares was fully subscribed, with an additional 5 million shares sold from the overallotment, but Amer parent AS Holdings’ owners accounted for about 60% of the shares sold, Bloomberg reported, citing an inside source. Anta Sports and Chip Wilson’s Anamered Investments planned to buy as much as $220 million worth of shares, with Tencent Holdings buying ... Log in to view full article.

 


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