The sporting goods group Amer Sports launched its IPO on Monday, which was announced at the beginning of the month.
Cayman Islands-based parent company Amer Sports Inc. will offer a total of 100 million shares at a price of $16.00 to $18.00 each as part of its IPO, the company said in a statement to US Securities and Exchange Commission (SEC).
This means that the initial IPO could raise up to 1.8 billion US dollars (1.7 billion euros). If the upper end of the offer range is reached, the total value of the group, which includes brands such as Arc’teryx, Salomon, Wilson and Peak Performance, would be estimated at $8.7 billion.
According to the company, existing shareholders Anta Sports, Anamered and Tencent have already agreed to purchase shares worth a total of up to $510 million through subsidiaries. Investors involved in the IPO also receive a 30-day option to purchase a total of up to 15 million additional shares.
Amer Sports Corporation was founded in 1950 in the Finnish capital Helsinki. In 2019, a consortium led by the Chinese sporting goods provider Anta Sports took over the group of companies. The IT service provider Tencent and the financial investors FountainVest Partners and Anamered Investments are also involved in this.