Amer Sports, owner of Wilson and Salomon brands, mulls raising up to US$1.8 billion in US IPO, sources say
- The company could sell about 100 million shares in a range of US$16 to US$18 each, and the terms of the IPO may be announced in the coming few days, sources say
- Amer’s listing would be the biggest in the US since semiconductor designer Arm Holdings’ US$5.23 billion offering in September
Amer Sports, the maker of Wilson tennis racquets and Salomon ski boots, is seeking to raise as much as US$1.8 billion in a US initial public offering, according to people familiar with the matter.
The company could market about 100 million shares in a range of US$16 to US$18 each, the people said, asking not to be identified as the information is private. Terms of the potential offering may be announced as soon as in the coming days, the people said.
Details of the share sale including size and timing may change, the people said. A representative for Amer Sports could not immediately comment.
The listing would be the biggest in the US since a crop of IPOs led by semiconductor designer Arm Holdings’ US$5.23 billion offering in September failed to deliver a hoped-for rebound in the market.
While Arm’s shares have since gained 54 per cent from the offer price, Birkenstock Holding had gained less than 1 per cent as of Friday, while Instacart and Klaviyo remained well below their offer prices.
