Amer Sports, Inc., the parent of the Arc’teryx, Armada, Atomic, DeMarini, EvoShield, Louisville Slugger, Salomon, Wilson, and other sports and outdoor brands, launched an initial public offering of 100,000,000 ordinary shares. With the offering, Amer Sports granted the underwriters a 30-day option to purchase up to 15,000,000 additional ordinary shares to cover over-allotments.
The IPO price is expected to be between $16.00 and $18.00 per share.
Amer Sports is approved to list its ordinary shares on the New York Stock Exchange under the ticker symbol “AS.”
The filing was rumored for over a year. In December 2022, Bloomberg first reported that Anta, headquartered in Jinjiang, China, was holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about $1 billion or more. Last September, Bloomberg reported that Amer had filed confidentially for an IPO that could value the group as high as $10 billion.
Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Morgan Stanley are joint book-running managers for the proposed offering. Citigroup, UBS Investment Bank, Baird, BNP Paribas, CICC, CLSA, Evercore ISI, TD Cowen, Wells Fargo Securities, Deutsche Bank Securities, and HSBC are bookrunners for the proposed offering. Blaylock Van, LLC, Drexel Hamilton, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank, and Tigress Financial Partners are co-managers for the proposed offering.
The proposed offering will be made only using a prospectus. Copies of the preliminary prospectus relating to the proposed offering can be found on the SEC’s website. Alternatively, here:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by calling 866.471.2526 or email at prospectus-ny@ny.email.gs.com;
- BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001, Attn: Prospectus Department, or by calling 800.294.1322 or by email at dg.prospectus_requests@bofa.com;
- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 866.803.9204 or by email at prospectus-eq_fi@jpmorganchase.com; or
- Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement on Form F-1 relating to the proposed offering was filed with the U.S. Securities and Exchange Commission but has not become effective. The securities may not be sold, nor may offers to buy be accepted before the registration statement becomes effective.
Image courtesy Wilson Sporting Goods
***
For more SGB Media coverage, see the associated articles below.
