Top brands could fuel this IPO

Article Excerpt

AMER SPORTS INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on New York under the symbol AS. Based in Chicago, Amer sells sports clothing, equipment and related accessories to consumers in over 100 countries. Its top brands include Arc’teryx and Peak Performance (outdoor apparel); Salomon and Atomic (skis, and ski footwear and apparel); and Wilson (tennis racquets and related equipment). The company focuses on design and marketing, and outsources the manufacturing of its products to third parties. The company’s outlook is bright given its well-known brands. It also expects the global sports apparel market will rise an at annual rate of 6% from 2023 to 2032. We’ll keep an eye on the progress of the share offering and update our analysis when the company sets its IPO price. price…