Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, has filed confidentially for a US initial public offering that could value the group at as much as $10 billion, people familiar with the matter said.
The company is working with Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley on preparations for the share sale, said the people. Amer Sports plans to list by early next year, the people said, asking not to be identified discussing information that’s private.
Amer Sports is targeting an IPO of more than $1 billion and could end up seeking as much as $3 billion depending on market conditions, some of the people said. The company, which is backed by China’s largest athletic-apparel producer Anta Sports Products Ltd., also owns brands including Louisville Slugger baseball bats, Arc’teryx outdoor gear and Atomic winter equipment.
Read the full story on Bloomberg here.