Outdoor-brand owner goes public on NYSE at discounted price
- Amer Sports IPO priced below estimated range
- Raised about $1.4 billion in IPO
- Owns outdoor brands Arc’teryx, Salomon, and Wilson
- 2022 revenue of $3.55 billion, net loss of $252.7 million
- Principal shareholders include FountainVest Partners and Anta Sports Product Ltd.
Amer Sports Inc. has priced its initial public offering (IPO) below its estimated range and raised about $1.4 billion in the process. The IPO, which is taking place on the New York Stock Exchange, was priced at $13 per share, lower than the estimated range of $16 to $18 per share. Amer Sports owns popular outdoor brands such as Arc’teryx, Salomon, and Wilson, and has a global presence with 261 stores. In 2022, the company reported revenue of $3.55 billion, with a net loss of $252.7 million. Principal shareholders of Amer Sports include FountainVest Partners and Anta Sports Product Ltd.
Public Companies: Amer Sports Inc. (Unknown), BrightSpring Health Services Inc. (BTSG), Goldman Sachs (Unknown), BofA Securities (Unknown), JPMorgan (Unknown), Morgan Stanley (Unknown), Arc’teryx (Unknown), Salomon (Unknown), Wilson (Unknown), Lululemon Athletica Inc. (LULU)
Private Companies: FountainVest Partners, Anta Sports Product Ltd., Tencent Holdings Ltd., Anamered investments Inc.
Key People: Dennis J. “Chip” Wilson (Founder of Lululemon Athletica Inc.)
Factuality Level: 7
Justification: The article provides information about Amer Sports Inc.’s initial public offering, including the offering price, the number of shares, and the underwriters involved. It also mentions the company’s revenue and net loss. The article includes the names of the principal shareholders of Amer Sports and their acquisition of the company. However, the article lacks in-depth analysis and context, and it does not provide any opposing viewpoints or potential risks associated with the IPO. Overall, the article provides factual information but could benefit from more comprehensive reporting.
Noise Level: 3
Justification: The article provides some relevant information about Amer Sports’ IPO, including the offering price, underwriters, and the company’s revenue. However, it lacks in-depth analysis, evidence, and actionable insights. The article also includes unrelated information about other IPO deals, which is not directly relevant to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about Amer Sports Inc.’s initial public offering (IPO) on the New York Stock Exchange. It mentions the offering price, the number of shares, and the underwriters involved.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article primarily focuses on the financial aspect of Amer Sports Inc.’s IPO and does not mention any extreme events or their impact.
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