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Amer Sports (AS), which owns sports brands such as Salomon, Wilson Sports and Arc'teryx, tells potential investors that it is expected to price its IPO below the marketed price.
Accordingly, the company is considering a price for the shares of $13 each to a Bloomberg report early Wednesday, citing people familiar with the matter.
Amer Sports (AS) originally said the shares were expected to be priced at $16 to $18 per share.
According to Bloomberg, deliberations are still ongoing and details of the offer could change. Amer (AS) may decide not to proceed with the IPO.
Last Tuesday, Hedgeye added Amer Sports (AS) as a new short idea ahead of its upcoming IPO.
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