Report: ENVE-owner Amer Sports plans IPO

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NEW YORK (BRAIN) — Bloomberg is reporting that Amer Sports has made a confidential filing for an initial public offering in the U.S. that would value the company as high as $10 billion. 

Amer owns Utah-based ENVE Composites, as well as Wilson Sporting Goods, Arc’teryx, Atomic, Armada, Louisville Slugger, DeMarini, Sports Tracker, and Luxilon, a racquet string maker. Amer was previously traded publicly on the Helsinki stock exchange; it was delisted in 2020 after it was acquired by a group led by China’s Anta Sports Products.

Amer bought Enve in 2016 for $50 million. At the time, Amer also owned Mavic, which it sold in 2019. It also sold off the fitness brand Precor and the electronics brand Suunto. That year, the Anta-led group acquired Amer for $5.2 billion and took it private, with Anta owning about 53% of its shares.

 

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