Amer Sports, the owner of sports brands including Arc'teryx and Wilson, is considering pricing shares in its IPO at $13 each, below the marketed range. This decision follows warnings from analysts, with one suggesting the company was worth closer to $7 than $17. The company raised $1.3 billion in a US IPO, which was priced below the range, and started trading on the NYSE at $13.40 per share. The market debut saw shares rise 3%, valuing Amer Sports at $6.5 billion. Despite the lower-than-expected price, the CEO believes the share offering will fuel growth at its brands.
"Inspiring people to explore and experience the joy of sports, and lead better, healthier lives." See how Amer Sports celebrates its triumphant listing of $AS! @WilsonSportingG | @Arcteryx | @SalomonSports | @PeakPerf | @atomic https://t.co/Sg4Xr8YF7W
US IPO Weekly Recap: Amer Sports’ billion-dollar US IPO leads a week of large listings $AS $ALTO $GUTS $FBLG $FLUT $IPO #IPO https://t.co/D1IilwpwZl
Everyone hated the Amer Sports $AS IPO yesterday bc it priced below the range. Not me. Asked for 12k shares and got almost a full allotment. Priced at $13 currently $14.80. Up over 12%. Not bad for 24 hours. https://t.co/z15GjamXvD
$AS Amer Sports started trading yesterday at IPO price $13 (ended +3%), with a decent discount to original price range of $16 - $18. Mcap $6,49B, $2,1B debt, raised $1,3B. Low interest in the IPO, as margins and debt level doubts investors (looks cheap on rev multiple). https://t.co/BVUmkVg2mT
From courts to slopes, from cities to mountains, and now, Wall Street - Amer Sports aims to help unlock the potential of any athlete! Congratulations to CEO Jie Zheng and the entire team on your incredible journey. $AS https://t.co/Obqmugtbgu
Amer Sports valued at $6.5 bln after shares rise 3% in market debut https://t.co/GhmArkOrTw https://t.co/Ld2SvBpJAa
$as new ipo If you play tennis and using wilson
Amer Sports CEO James Zheng said the company’s recent share offering will fuel growth at its brands, including Wilson tennis rackets and Louisville Slugger baseball bats, despite a lower-than-expected price https://t.co/2c5pFU99Po
Wilson tennis racket and Arc'teryx outdoor gear maker Amer Sports's shares rose as much as 6.2% above its IPO price after raising $1.37 billion in a New York listing. https://t.co/Kovd9G3aHz
Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13 https://t.co/DEINjQaGYe
⚠️ AMER SPORTS VALUED AT $6.5 BILLION AFTER SHARES RISE 3% IN MARKET DEBUT (Reuters) Shares of Amer Sports rose 3.1% on Thursday in their market debut, giving the maker of the world-renowned Wilson tennis rackets a valuation of $6.5 billion..... For more on this story, check… https://t.co/yNe6ADppI1
Wilson tennis and Arc’teryx owner Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13 https://t.co/eQxPchhepD
Wilson tennis racket maker Amer Sports to start trading after discounting IPO @CNBC https://t.co/TiG8okRdEw
Amer Sports eyes lukewarm market debut after discounted US IPO https://t.co/qKwFSli9fu https://t.co/ax38PclAnl
Wilson tennis racket maker Amer Sports to start trading on NYSE after discounting IPO https://t.co/nM87RFh4tk
Amer Sports IPO prices at discount to estimated range for NYSE debut https://t.co/VuQs5aYlHz
IPO Today Amer Sports, Inc. $AS, sports brands including Salomon and Wilson with $4.25B in TTM revenue and 15.73% revenue growth YoY. https://t.co/oLL1hjtdvn
The NYSE welcomes Amer Sports in celebration of its listing! $AS https://t.co/flhZKy9CnY
LIVE on NYSE TV 🎙️ Amer Sports, the company that brings you 11 iconic brands including @Arcteryx, @SalomonSports, @WilsonTennis, and Peak Performance, lists today on NYSE: $AS https://t.co/r4hIRNZtqw
Amer Sports, owner of Arc'teryx outdoor apparel, Wilson tennis gear, and Salomon sporting goods brands, will have its initial public offering today. https://t.co/Q2X7d5Omiz
Amer Sports is a global group of the world’s most recognized and respected sports and outdoor brands. The company that brings you 11 iconic brands including Arc’teryx, Salomon, Wilson, and Peak Performance, lists today on NYSE. $AS https://t.co/CvUs6uXpuk
Sports equipment and apparel maker Amer Sports prices US IPO at $13, below the range $AS $IPO #IPO https://t.co/UomEUYCAlQ
⚠️ AMER SPORTS SET TO RETURN TO PUBLIC MARKETS AFTER DISCOUNTED US IPO (Reuters) Amer Sports, the maker of the world-renowned Wilson tennis rackets, is set to return to public markets later on Thursday after selling shares at a discounted price in its U.S. initial public… https://t.co/o28DX8VSPM
Amer Sports prices IPO below range at $13 per share-source https://t.co/82xREWZkBG https://t.co/8NskrkoU93
Amer Sports discounts IPO as investors fret about its reliance on China ... from @DEER_ECHO_ and me today. https://t.co/Eh7tdMbdmo
- @HedgeyeRetail was bearish early Arc’teryx apparel maker Amer Sports considers IPO price below range "at $13 a share when it prices late on Wednesday, below its published target range of $16 to $18 a share" https://t.co/4O62FPwT8h
Wilson tennis racket maker Amer Sports raised $1.3 billion in a US IPO priced below a marketed range, in the second major IPO in a week to miss its target. https://t.co/TYIzAx8Pe9
2 Retail Short Calls “Don't Have a Snot’s Worth of Chance” @HedgeyeRetail and @HedgeyeRetailJM warned investors not to buy the Adidas & Amer Sports hype. Today, the other shoe dropped. $ADDYY is down 7%, and $AS cut its pre-IPO price by 24%. Read more: https://t.co/Yopp5JKCE3 https://t.co/Vp08X5myuT
🇫🇮 🇫🇮 🇫🇮 Amer Sports, the owner of sports brands including Arc'teryx and Wilson, is telling prospective investors that it is considering pricing shares in its IPO at $13 each, below a marketed range. https://t.co/iFWLfqtZGo via @markets
Arc’teryx apparel maker Amer Sports considers IPO price below range https://t.co/zAClVBMwBm
This was written in the Cosmos. And in our Black Book last week when we said $AS Amer Sports was worth closer to $7 than $17. Pricing at $13 gets the deal done, but stock still a short at that price. https://t.co/vH9GYAEIgg
Amer Sports, the owner of sports brands including Arc'teryx and Wilson, is telling prospective investors that it is considering pricing shares in its IPO at $13 each, below a marketed range. https://t.co/tYcN8S1aEO