Deal Details
Amer Sports Completes $1.6 Billion Initial Public Offering
Summary
Amer Sports, Inc. (“Amer Sports”) (NYSE: AS) recently completed its initial public offering of 105,000,000 ordinary shares at a public offering price of $13.00 per share, generating gross proceeds of approximately $1.6 billion. Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 15,750,000 ordinary shares to cover over-allotments. Amer Sports intends to use the net proceeds from the offering to repay existing debt.
Baird served as a bookrunner on this transaction.
About
Amer Sports is a global group of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Atomic and Peak Performance. Amer Sports’ brands are known for their detailed craftsmanship, unwavering authenticity, premium market positioning and compelling market share in their categories. Amer Sports prides themselves on cutting-edge innovation, technical performance and ground-breaking designs that allow athletes and everyday consumers to perform better. Through partnerships with industry influencers and elite athletes and in collaboration with various communities they serve, Amer Sports develops next-generation products that define winning moments in sports. Amer Sports' brands are creators of exceptional apparel, footwear, equipment, protective gear and accessories that they believe give their consumers the confidence and comfort to excel. Amer Sports is headquartered in Helsinki, Finland.CONTACT US TO LEARN MORE
- Date
- February 2024
- Company
- Amer Sports, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Consumer
- Verticals
-
Outdoor Recreation & Sporting Goods
Active Lifestyles, Fitness & Mobility
- Target Geography
-
Europe
North America
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