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in Fashion

Amer Sports Discounts IPO as Investors Fret About Its Reliance on China

by Editor February 1, 2024, 10:31 am 1.7k Views

Arc’teryx and Salomon Owner Amer Sports Files for US IPO

Amer Sports raised $1.37 billion in a discounted U.S. initial public offering (IPO) on Wednesday, after investors expressed concerns about its growing reliance on China for its revenue.

It was another blow to the US IPO market seeking to recover after two years of subdued activity. A poor performance from Amer Sports could discourage other IPO hopefuls.

A sizeable but smaller company, BrightSpring Health Services, priced its $633 million…

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