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Amer Sports reportedly guides IPO share pricing below range

Wilson logos on tennis rackets at Paragon Sports store

Wilson logos on tennis rackets at Paragon Sports store. Photo: Jeenah Moon/Bloomberg via Getty Images

Amer Sports may consider pricing shares in its IPO below a marketed range, Bloomberg reports, citing sources familiar with the matter.

Why it matters: The consumer sector is watching Amer's debut and performance closely as an indicator of the broader IPO market.

Details: The Finnish company — whose brands include Wilson, Salomon and Arc'teryx — is telling prospective investors it could price shares at $13 each, per Bloomberg.

  • Amer had marketed 100 million shares for $16 to $18, according to its filings.
  • IPO sponsors may buy as many as 21 million additional shares at the $13-per-share price, Bloomberg says.
  • Amer did not respond to an immediate request for comment.

What's next: Amer's shares are expected to begin trading Thursday on the New York Stock Exchange under the symbol AS.

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