Amer Sports, which is best known as the maker of Wilson tennis rackets, is planning to go public in America at a valuation of $8.7 billion U.S.
The company, which is based in Helsinki, Finland and also makes Arc’teryx running shoes and Atomic skis, is associated with several professional athletes including tennis player Roger Federer and NFL quarterback Russell Wilson.
The company said it plans to sell 100 million shares priced between $16 U.S. and $18 U.S. on the New York Stock Exchange under the ticker symbol “AS.”
Amer Sports is one of several high profile and richly valued IPOs that are expected in the U.S. this year as equity markets rally to all-time highs.
Other companies expected to go public in 2024 include social media platform Reddit and financial technology firm Stripe.
Founded in 1950, Amer Sports operates three business segments and is home to sports and outdoor brands that also include Salomon and Peak Performance.
Financial details have yet to be released by the company. But in a previous funding round, Amer Sports was valued at close to $9 billion U.S.
An exact date for the initial public offering (IPO) has not been set. But Amer Sports has said that it plans to price the share sale by the end of January.
