Wilson Racket Maker Seeks as Much as $1.8 Billion in US IPO
- IPO would be US’s biggest since Arm Holdings in September
- Price range for shares in offering set at $16 to $18 apiece
The flagship Wilson store in the SoHo neighborhood of New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Amer Sports Inc., the maker of Wilson tennis rackets and Salomon ski boots, is seeking to raise as much as $1.8 billion in what would be one of the year’s first major initial public offerings.
In a listing that could further accelerate the pace of IPOs after a two-year slump, Amer Sports is selling 100 million shares at $16 to $18 each, the company said in a statement Monday, confirming an earlier Bloomberg News report. Pricing the offering at the top end of the range would value Amer at about $8.7 billion, according to data compiled by Bloomberg.