Amer Sports, parent company of Arc’Teryx, Salomon, and Atomic, among other brands, said on Monday it is targeting a valuation of up to $8.7 billion for its U.S. initial public offering.
The company is seeking to raise as much as $1.8 billion in its IPO, according to news reports.
According to Bloomberg’s sources-based report, the company could market about 100 million shares in a range of $16 to $18 each.
The listing would be the biggest in the United States since a group of IPOs led by semiconductor designer Arm Holdings Plc’s $5.23 billion offering in September.
Amer Sports filed its initial public offering on Jan. 4, with plans to trade on the New York Stock Exchange under the symbol AS.
The Helsinki, Finland-based company is going public with 21 underwriters including Goldman Sachs, JPMorgan, BofA Securities, Citigroup, and Morgan Stanley as joint book-running managers.
The company has more than 10,800 employees across the globe.
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