EXEC: Amer Sports Files Confidentially to Go Public
September 6, 2023
Amer Sports, the parent of Salomon, Wilson, Arc’teryx, and other sports brands, filed confidentially for a U.S. initial public offering (IPO) that could value the group as high as $10 billion. The offering would come as Amer Sports’ business has seen accelerated growth, driven by Arc’teryx and Salomon and in China.
According to the report from Bloomberg News, the company plans to list by early next year. Amer Sports is seeking to raise more than $1 billion and seek as much as $3 billion depending on market conditions. SGB