Consumer
Wilson Racket Maker Amer Sports to Focus on Growth After ‘Frustrating’ Share Pricing
- IPO set to unleash potential for future growth, CEO says
- Firm bets on enduring demand for high-tech sports goods
Jie "James" Zheng during Amer Sports’s IPO on the floor of the New York Stock Exchange on Feb. 1.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Amer Sports Inc. Chief Executive Officer James Zheng said the company’s recent share offering will fuel growth at its brands, including Wilson tennis rackets and Louisville Slugger baseball bats, despite a lower-than-expected price.
“The price point, I would say it is a bit frustrating,” Zheng said in a Bloomberg TV interview with Sonali Basak. “But it is just a short-term view.” The US IPO “will unleash the potential for us by leveraging our overall debt situation and giving us the cash flow to fuel our brands at the pace we want.”