Growth potential is not enough: Why Amer Sports’ IPO fell short

Salomon is one of Amer Sports billion dollar businesses that it plans to scale. Supplied: Salomon.
Amer Sports’ initial public offering (IPO) has been making headlines after it discounted its stock almost immediately after being listed on the New York Stock Exchange. The company sold 105 million shares for US$13 instead of the US$16-18 it originally floated, putting Amer Sports’ valuation at over US$6 billion.  The sporting goods conglomerate has a unique proposition with its broad portfolio of 11 brands that include Wilson Sporting Goods, Salomon and Arc’teryx. The originally Finn

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