Amer Sports, Inc., the Finnish parent company to Salomon, Arc’teryx, Wilson, Peak Performance and Atomic brands, has filed an initial public offering (IPO) with the U.S. Securities and Exchange Commission.
Amer Sports did not disclose the price or size of its offering. The company went private in 2019, thanks to a $5.2 billion USD acquisition lead by Chinese label Anta Sports. Now, Amer’s shareholders include China’s Tencent Holdings and private-equity firm FountainVest, while Lululemon Athletica founder Dennis “Chip” Wilson sits on on the board connected to the IPO.
In the first nine months of last year, the company earned a 30% increase in revenue, reaching a total of $3.05 billion USD across three segments. In 2022, Amer Sports reported $2.35 billion USD in revenue in the same period. Meanwhile, the conglomerate’s core earnings (or adjusted EBITDA) climbed from $261.8 million USD to $422.1 million USD.
Per Amer Sports’ IPO registration, Salomon recorded revenues of over $1 billion USD in 2022, while Arc’teryx earned sales of $952.6 million USD in the same period. The company did not reveal full-year data for Wilson, though it did state that the tennis brand raked in revenues of $866.3 million USD in the first nine months of 2023. Per the filing, Amer Sports is looking to raise its total annual revenue to surpass $5 billion USD.
Amer Sports is aiming to list on the New York Stock Exchange, with the “AS” ticker.
