Bloomberg
Amer Sports, the Finland-based sporting goods business that owns and licenses brands Salomon, Wilson, and others, has filed its documentation for an initial public offering (IPO) in the United States, set to launch next year. The company could fetch up to $10 billion in the offering should market conditions prove favorable.
The IPO, which is set to launch early next year, is targeting a listing of more than US$1 billion and could reach up to US$3 billion depending on market conditions. Amer Sports Currently owned by the Chinese group Anta, was formerly publically traded between 1977 and 2019, when a consortium of investors led by Anta purchased the company for $5.2 billion. Joining the consortium were tech giant Tencent and Lululemon founder, Chip Wilson.
The proposed IPO would stand to unlock a considerable amount of capital that Amer Sports could then invest in further expansion of its operation – which already saw a 22% revenue increase last year to $3.3 billion.
Amer Sports is poised to open their doors to the public market once again and, if the IPO is successful, it will become a significant entity in the world of sports and outdoor activities.
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