Amer Sports, Inc. Announces Pricing of its Upsized Public Offering of 40,800,000 Ordinary Shares
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Amer Sports, Inc. has announced the pricing of its upsized public offering of 40,800,000 ordinary shares at $23.00 per share. The offering includes a 30-day option for underwriters to purchase an additional 6,120,000 shares. The closing is expected on December 6, 2024.
December 05, 2024 | 3:00 am
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Amer Sports, Inc. has priced its upsized public offering of 40,800,000 shares at $23.00 each, with an option for underwriters to buy an additional 6,120,000 shares. The offering is set to close on December 6, 2024.
The announcement of a large public offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering's size and the additional option for underwriters suggest significant dilution, impacting the stock negatively in the short term.
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