Latham & Watkins Advises on Amer Sports, Inc.’s IPO

Amer Sports, Inc., a global group of iconic sports and outdoor brands, has announced the pricing of its initial public offering of 105,000,000 ordinary shares at a public offering price of US$13 per share. In connection with the offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 15,750,000 ordinary shares to cover over-allotments. The ordinary shares began trading on the New York Stock Exchange on February 1, 2024 under the symbol “AS.” The closing of the offering is expected to occur on February 5, 2024 subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe, Ian Schuman, Michael Benjamin, and Adam Gelardi, with associates Zoey Wu, Nicolas Gonzalez, and Stephanie Niamonitakis. Advice was also provided on data privacy and security matters by Bay Area partner Robert Blamires and London counsel Danielle van der Merwe, with associates Kathryn Parsons-Reponte, Bianca Lee, Kate Burrell, Irina Vasile, and Nara Yoo; on ESG matters by New York partner Betty Huber, with associates Austin Pierce and Karmpreet Grewal; on benefits and compensation matters by New York partner Bradd Williamson, with associates Anne Bracaglia and Alisa Hand; on tax matters by New York partner Jiyeon Lee-Lim, with associate Farrah Yan; on environmental matters by Los Angeles counsel Michael Dreibelbis, with associates Tal Carmeli and Brittany Curcuru; on intellectual property matters by New York partner Jeffrey Tochner, with associates Dewey Kang and Alan Kim; and on China regulatory matters by Hong Kong partner Terris Tang, with associate Carson Wong.