According to a report by Bloomberg, Amer Sports has confidentially filed for a US initial public offering which could value the business somewhere around $10 billion. With plans to offer stock by early next year, they are said to be seeking somewhere between $1 billion and $3 billion.
Currently, the majority share of Amer Sports is owned by China’s Anta Sports Products Ltd which purchased the company from a Finnish group in 2019 for $5.2 billion. Other members of the Amer Sports ownership group include Tencent Holdings Ltd and Canadian Chip Wilson, founder of Lululemon Athletica Inc. Interestingly, there is currently more Canadian ownership now of Arc’teryx than there was before the Anta Sports group purchased the brand.
The report states that “Representatives for Anta and Amer Sports declined to comment.“