HELSINKI (BRAIN) — Amer Sports, parent company of ENVE Composites and other outdoor brands, officially announced the filing of a U.S. initial public offering.
Amer Sports made a confidential filing for an IPO in the U.S. in September that would value the company as high as $10 billion, according to Bloomberg. Amer Sports also owns Wilson Sporting Goods, Arc'teryx, Atomic, Armada, Louisville Slugger, DeMarini, Sports Tracker, and Luxilon, a racquet string maker.
The number of shares to be offered and the price range for the proposed offering have not yet been determined, Amer Sports said in a release. It has applied to list its ordinary shares on the New York Stock Exchange under the symbol "AS".
Amer was previously traded publicly on the Helsinki stock exchange; it was delisted in 2020 after it was acquired by a group led by China's Anta Sports Products.
Amer bought ENVE in 2016 for $50 million. At the time, Amer also owned Mavic, which it sold in 2019. It also sold off the fitness brand Precor and the electronics brand Suunto. That year, the Anta-led group acquired Amer for $5.2 billion and took it private, with Anta owning about 53% of its shares.
