Amer Sports, which sells apparel and sports gear under brands like Arc'teryx, Salomon, and Wilson, raised $1.4 billion by offering 105 million shares at $13, below the range of $16 to $18. The company offered 5 million more shares than anticipated. Existing shareholders had indicated on $510 million worth of shares in the offering (37% of the deal).
Amer Sports offers a portfolio of sports and outdoor brands across three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. Its core brands include Arc'teryx, Salomon, and Wilson. Across these three brands, Amer's global owned retail network comprises 261 owned retail stores as of September 30, 2023. Other brands include Peak Performance, Atomic, Armada, DeMarini, and Louisville Slugger.
Amer Sports plans to list on the NYSE under the symbol AS. Goldman Sachs, BofA Securities, J.P. Morgan, Morgan Stanley, Citi, UBS Investment Bank, Baird, BNP Paribas, CICC, CLSA, Evercore ISI, TD Cowen, Wells Fargo Securities, Deutsche Bank, and HSBC acted as joint bookrunners on the deal.
