Investing
Wilson tennis racket maker Amer Sports files for US IPO – Bloomberg News
© Reuters.
(Reuters) -Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, has confidentially filed for a U.S. initial public offering (IPO) that could value the group at as much as $10 billion, Bloomberg News reported on Wednesday.
The company is targeting an IPO of more than $1 billion and could end up seeking as much as $3 billion depending on market conditions, the report said, citing people familiar with the matter.
Amer Sports plans to list by early next year, Bloomberg’s reported. The company did not immediately respond to a Reuters request for comment.
The news comes against the backdrop of a nascent recovery in the IPO market as several high-profile names including chip designer Arm and grocery delivery firm Instacart charge ahead with their offerings.
Investor appetite has remained subdued for a major part of the last two years following Russia’s invasion of Ukraine and the spike in borrowing costs.
Read the full article here
-
Side Hustles7 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing7 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing5 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Side Hustles6 days ago
5 Key Strategies for a Seamless Cloud Migration
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing7 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income6 days ago
Go Paperless with the PDF Reader Pro for $49.99