Amer Sports Inc., the company behind Wilson tennis rackets and Salomon ski boots, is reportedly contemplating a U.S. initial public offering (IPO) that could fetch as much as $1.8 billion.
As per Bloomberg’s sources-based report on Monday, the company might market approximately 100 million shares within a range of $16 to $18 each. The terms of this potential offering could be announced in the coming days.
The proposed listing is set to be the largest in the United States since semiconductor designer ARM Holdings PLC‘s (NASDAQ:ARM) $5.23 billion offering in September, which had failed to deliver an expected market rebound. Since then, Arm’s shares have gained 54% from the offer price.
Amer Sports, which is backed by China’s largest athletic apparel producer ANTA Sports Products Ltd (OTC: