There are currently three listings planned for the coming week, but additional issuers may be added to the calendar throughout the week.
Leading sporting goods and clothing manufacturer Amer Sports (AS) plans to raise $1.7 billion at a market cap of $8.3 billion. The Finland-based company's portfolio includes major brands such as Arc'teryx, Salomon, Wilson and Louisville Slugger and its products are sold in over 100 different countries, including over 300 of its own retail stores. Amer is highly profitable and has strong revenue growth despite being heavily leveraged and operating in a very competitive industry.
UK based luxury outerwear brand Perfect moment (PMNT) plans to raise $8 million at a market cap of $101 million. The company produces luxury ski outerwear and accessories, swimwear and activewear and sells them both D2C and wholesale. The company operates in a growing but highly seasonal industry.
Cell therapy biotechnology FibroBiologics (FBLG) will list directly on the Nasdaq next week. FibroBiologics was spun off from former parent company FibroGenesis in 2021 and is focused on developing fibroblast-based therapies for patients suffering from chronic diseases with significant unmet medical needs, including degenerative disc disease, multiple sclerosis (MS), wound healing and certain cancers. The company has completed a Phase 1 trial for refractory MS in Mexico and plans to submit an IND to the FDA for a Phase 2 trial.
| US IPO calendar | |||
|---|---|---|---|
| Exhibitor Business |
Deal size Market capitalization |
Price range Discarded stocks |
Great Bookrunner |
| Amer Sports (AS) Helsinki, Finland |
$1,700 million $8,345 million |
$16 to $18 100,000,000 |
Goldman BofA |
| Sells clothing and sports equipment under brands such as Arc'teryx, Salomon and Wilson. | |||
| FibroBiologics (FBLG) Houston, Texas |
$87 million $644 million |
$18 4,806,226 |
|
| Phase 1 biotechnology developing fibroblast-based therapies for chronic diseases. | |||
| Perfect Moment (PMNT) London, United Kingdom |
$8 million $101 million |
6-7$ 1,232,000 |
ThinkEquity Laidlaw (UK) |
| Luxury lifestyle brand focused on skiwear and other activewear. | |||
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IPO market snapshot
The Renaissance IPO Indices are market capitalization-weighted baskets of newly public companies. As of January 25, 2024, the Renaissance IPO Index was down 8.3% year-to-date, while the S&P 500 was up 2.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Kenvue (KVUE) and Nu Holdings (NU). The Renaissance International IPO Index is down 9.2% year-to-date, while the ACWX is down 1.8%. Renaissance Capital's International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Wise and Porsche.
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