(Updated - January 31, 2024 1:17 PM EST)
Amer Sports' (AS) growing reliance on China weighs on investor interest ahead of potential IPO - Reuters
- Amer Sports generated 19.4% of its sales in China in the first nine months of 2023.
- While the Amer Sports IPO is not in jeopardy, the softening in investor demand has led it to consider a price of $13 per share, below its $16 to $18 per share indicated range.
- At that price, Amer Sports would be worth 6.3 billion and the IPO would raise $1.3 billion.