Amer Sports, the company of Wilson racquets and Salomon skis, lands on the stock exchange
Amer Sports, the Finnish company that owns the Wilson, Salomon, Arc'teryx and Suunto brands, has filed an initial public offering to list on the New York Stock Exchange
2' min read
2' min read
It is called Amer Sports , and perhaps this name does not ring a bell. Instead, it is the company that owns the famous brand of Wilson tennis rackets (those used by the likes of Roger Federer and Pete Sampras ). But also those of Salomon and Atomic ski equipment. Thanks to these subsidiaries, Amer Sports is one of the most important sports equipment companies in the world. And now it has filed for an initial public offering to land on the New York Stock Exchange.
The Finnish company has chosen Goldman Sachs Group , Bank of America, JPMorgan Chase and Morgan Stanley as bookrunning lead managers for the share sale, according to a press release issued in the last few hours. And although official figures have not been released, Amer is targeting an IPO of over $1 billion and a stock market listing that could value the company up to $10 billion.
Chinese Property
.The Finnish-founded company - which is in fact owned by China's largest sportswear manufacturer (Anta Sports Products Limited) - also owns brands such as Louisville Slugger, Arc'teryx and Suunto (a Finnish brand that produces sports watches specifically for diving).
Amer Sports currently has more than 10,800 employees worldwide and offices in Helsinki, Munich, Krakow and Shanghai. While the turnover for 2022 was USD 3.5 billion.
As mentioned Amer Sports is owned by Anta Sports Products Limited, a Chinese multinational sports equipment company based in Jinjiang. Anta bought Amer in 2019, for an amount close to $5.2 billion. A transaction with a specific goal: to bring high-end sports equipment to China's increasingly wealthy middle class.
