Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan, and Morgan Stanley have been appointed as joint book-running managers for the proposed offering. Credit: Shutterstock

While the exact number of shares and the price range for the proposed IPO remain undetermined, Amer Sports has applied to list its ordinary shares on the New York Stock Exchange under the symbol “AS”, according to a Reuters article.

Amer Sports went private in 2019 after a $5.6bn acquisition by sportswear label Anta Sports of China. Lululemon founder Chip Wilson and video game maker Tencent were also part of the acquiring group.

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As detailed by US financial services firm Morning Star Inc., Amer Sports reported revenue of $3.55bn in 2022, up from $2.4bn in 2020, although net loss also grew to $237.2m, up from $252.7m during the same period.

Managing the financial intricacies of this move are Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Morgan Stanley who have been appointed as joint book-running managers for the proposed offering.

A selection of financial heavyweights, including Citigroup, UBS Investment Bank, Baird, BNP Paribas, CICC, CLSA, Evercore ISI, TD Cowen, Wells Fargo Securities, Deutsche Bank Securities and HSBC, are set to act as bookrunners for the prospective IPO.

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The company has also enlisted the expertise of Blaylock Van, LLC, Drexel Hamilton, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners to serve as co-managers for the offering.

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The Registration Statement has been submitted to the US Securities and Exchange Commission (SEC), though its status is still pending.

In 2022, Anta Group partnered with the World Wide Fund for Nature (WWF) in a move that saw both parties jointly invest more resources in sustainable environmental development.

In 2023, Amer Sports joined a group of fashion brands calling for a “successful conclusion” to ongoing minimum wage negotiations in Bangladesh.