Four firms advised on Amer Sports' $1.37 billion IPO on the NYSE. This is the largest listing by a Chinese company in the US since ride-hailing app DiDi launched in 2021.
Davis Polk's team serving as U.S. advisors to Amer Sports included capital markets partners Michael Kaplan, Roshni Cariello and He Li. Partners Jennifer Conway and Michael Mollerus provided executive compensation and tax advice, respectively.
Christopher Bickley, head of Conyers Dill & Pearman's Hong Kong office, and partner Flora Wong represented the issuer in Cayman Islands law.
The King & Wood Mallesons team, led by partners Gong Mulong, Ma Tianning and Wu Han, advised the issuer on PRC law.
Capital markets partners Marc Jaffe, Ian Schuman, Michael Benjamin and Adam Gelardi led the Latham & Watkins team and advised underwriters, including Goldman Sachs, BofA Securities, JP Morgan, Morgan Stanley, Citigroup and UBS.
Partners Robert Blamires, Betty Huber, Bradd Williamson, Jiyeon Lee, Jeffrey Tochner and Terris Tang each resolved legal issues relating to privacy and security, ESG, benefits and compensation, tax, intellectual property and China regulations.
Hong Kong-listed Anta Sports, along with FountainVest Partners, Tencent and others, acquired Amer Sports for 4.6 billion euros ($4.9 billion) in 2019, marking the largest cross-border acquisition in the industry in China to date. Before the IPO, Anta Sports held a 57.95% stake in Amer Sports.
Amer Sports now owns several brands, including Arc'teryx, Salomon, Wilson and Atomic.
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