Check out the latest Wilson products at the Paragon Sports store in the vibrant Chelsea neighborhood of New York on January 4, 2024.
Experience the excitement as Amer Sports, the Finnish athletic company known for the Wilson tennis racket and Arc’teryx, made its debut on the public markets with a 5% increase in stock value after offering its initial public offering at a discounted price.
Witness the stock opening at $13.40 a share on the New York Stock Exchange under the ticker “AS.” Amer successfully raised $1.37 billion in the offering, pricing its IPO at $13 per share, a deviation from its original plan to offer 100 million shares at $16 to $18 each.
The offering values Amer at about $6.3 billion, a slight decrease from its previous valuation of up to $8.7 billion.
Be part of the action as Amer debuted with only 2.5 million shares traded, indicating limited sell-side interest, a rare occurrence for an offering of 105 million shares. Typically, bookrunners would aim to open with around 10% of shares, which would be about 10 million shares.
Discover the reasons behind Amer’s decision to discount its IPO after Federal…
2024-02-01 14:16:47
Source from www.cnbc.com