Editor
Amer Sports’ much-hyped US IPO — the fashion industry’s largest listing since Birkenstock in October — got off to a disappointing start before shares even began trading Thursday.
The sportswear group, which owns brands such as Salomon, Arc’teryx and sports-equipment company Wilson, sold 105 million shares at $13 each to institutional investors on Wednesday, raising $1.6 billion at a valuation of $6.3 billion.
The IPO’s pricing came…
