Amer Sports' IPO Marks a Milestone for Anta Group's Global Ambitions

Amer Sports, a collaborative venture of the Anta Group, made its mark by listing on the New York Stock Exchange on February 1st, under the ticker symbol "AS." This initial public offering saw Amer Sports releasing 105 million shares at $13.00 each, aiming to raise an impressive $1.365 billion.

This landmark IPO not only became the biggest of its kind globally in the early days of 2024 but also signifies Anta Group's expanding presence on the international capital stage with its second publicly traded company.

Despite the shares being priced at $13, below the initial January forecast of $16 to $18, Amer Sports managed a commendable debut, closing at $13.4 per share on its first trading day, slightly above its IPO price, bringing the company's market value to about $6.492 billion. This IPO was deemed a stable success despite not hitting its projected fundraising goal.

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