Amer Sports, Inc. Announces Launch of its Initial Public Offering
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The initial public offering (IPO) of Amer Sports represents a significant event in the financial markets, as IPOs can have a material effect on a company's capital structure and provide a substantial influx of cash. The proposed price range of $16.00 to $18.00 per share and the offering of 100,000,000 ordinary shares, with an additional 15,000,000 shares to cover over-allotments, suggests a potential raise of $1.6 to $1.8 billion before any over-allotment is considered.
Investors will be interested in the use of proceeds from the offering, which can include funding growth initiatives, paying down debt, or investing in infrastructure. The involvement of prominent financial institutions as bookrunners and co-managers indicates a strong backing and may enhance investor confidence. However, the final outcome of the IPO will depend on market conditions at the time of the offering and the performance of the stock post-IPO will be closely monitored for indications of the company's valuation and investor sentiment.
Amer Sports' decision to list on the New York Stock Exchange under the symbol 'AS' is a strategic move to increase visibility and access to a larger pool of investors. The company's portfolio of iconic sports and outdoor brands suggests a diverse product range that could appeal to a broad customer base. The market will be evaluating the company's competitive position within the sports and outdoor industry, its growth prospects and its ability to innovate and adapt to consumer trends.
Furthermore, the company's financial health, including revenue growth, profit margins and cash flow generation, will be scrutinized. Potential investors will also consider the impact of global economic conditions on the sports and outdoor sectors, such as discretionary spending patterns and supply chain dynamics. The successful execution of the IPO could provide Amer Sports with the financial flexibility to navigate these challenges and capitalize on growth opportunities.
The legal framework surrounding an IPO is complex and requires compliance with the Securities Act of 1933, as amended. Amer Sports' registration statement on Form F-1 is a critical document that provides investors with detailed information about the company's financials, risk factors and management. The statement's effectiveness is a prerequisite for the IPO to proceed, ensuring that all regulatory requirements are met.
Investors and stakeholders should be aware that the offering is contingent upon market conditions and regulatory approval, which introduces a degree of uncertainty. The underwriters' 30-day option to purchase additional shares to cover over-allotments is a common practice that provides flexibility in the final allocation of shares and can help stabilize the share price post-IPO. The legal stipulations that no sales can occur until the registration is effective protect investors and maintain market integrity.
Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Morgan Stanley are acting as 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 acting as bookrunners for the proposed offering. Blaylock Van, LLC, Drexel Hamilton, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street,
A registration statement on Form F-1 relating to the proposed offering has been filed with the
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.
About Amer Sports, Inc.
Amer Sports is a global group of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Peak Performance, and Atomic. Our brands are creators of exceptional apparel, footwear, equipment, protective gear, and accessories that we believe give our consumers the confidence and comfort to excel.
With over 10,800 employees globally, Amer Sports’ purpose is to elevate the world through sport and to inspire people to lead better, healthier lives. Our vision is to be the global leader in premium sports and outdoor brands. With corporate offices in
Source: Amer Sports, Inc.
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Media:
Anu Sirkiä
anu.sirkia@amersports.com
Source: Amer Sports, Inc.
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