Reported Late Wednesday, Amer Sports Prices Its Initial Public Offering Of 105M Ordinary Shares At $13/Share
Portfolio Pulse from Benzinga Newsdesk
Amer Sports has priced its IPO at $13 per share, offering 105 million ordinary shares. The company has also provided underwriters a 30-day option to buy an additional 15.75 million shares for over-allotments. Trading on the NYSE under the symbol 'AS' is expected to start on February 1, 2024, with the offering's closing anticipated on February 5, 2024, pending customary conditions.
February 01, 2024 | 8:14 am
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Amer Sports is set to go public with its shares priced at $13, and trading is expected to commence on February 1, 2024. The IPO includes an over-allotment option which could increase the total shares offered.
The pricing of the IPO is a significant event for Amer Sports as it will determine the initial market valuation of the company. The availability of an over-allotment option suggests confidence from underwriters in the demand for shares, which could lead to a positive short-term impact on the stock price if the market reception is favorable.
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