Wilson tennis racket maker, Amer Sports, has announced its official filing for an initial public offering (IPO) in the United States. The company has set its sights on raising over $1 billion through this IPO, potentially resulting in a valuation of up to $10 billion for the firm. To facilitate the share sale, Amer Sports has enlisted the services of prominent financial institutions including Goldman Sachs, Bank of America, JPMorgan Chase, and Morgan Stanley as the bookrunning lead managers.

Amer Sports, originally founded in Finland, has gained recognition for its popular brands such as Wilson, Salomon, Louisville Slugger, Arc’teryx, and Atomic. Supported by Chinese athletic-apparel producer Anta Sports Products, the company’s objective is to introduce premium athletic equipment to China’s expanding middle-class population. With its worldwide presence and a workforce of over 10,800 employees, Amer Sports has established offices in Helsinki, Munich, Krakow, and Shanghai.

In the fiscal year 2022, Amer Sports recorded an impressive revenue of $3.5 billion. As part of its IPO strategy, the company plans to list its shares on the New York Stock Exchange, under the ticker symbol AS. The acquisition of Amer Sports in 2019, which amounted to approximately $5.2 billion, was orchestrated by a consortium lead by Anta Sports. Key members of this buyer group included Tencent Holdings and Chip Wilson, the billionaire founder of Lululemon Athletica.

Sources:
– [Goldman Sachs](https://www.goldmansachs.com/)
– [Bank of America](https://www.bankofamerica.com/)
– [JPMorgan Chase](https://www.jpmorganchase.com/)
– [Morgan Stanley](https://www.morganstanley.com/)