Amer Sports dips as a top investor to reduce stake

Amer Sports

28/05/2025 22:31

** Shares of Amers Sports AS.N down 1.1% in extended trading to $37.31 after secondary offering unveiled

** Finland-based sportswear firm says private equity firm FountainVest Partners to offload 35 mln shares

    ** FountainVest is third largest investor with ~69.1 mln shares, or ~14% stake, based on ~489.5 mln outstanding AS shares, per latest LSEG data

** Goldman and BofA lead bookrunners for offering

** On May 20, AS shares finished up 19% after co's Q1 beat-and-raise report

** AS shares ended down 2% at $37.73 on Weds, but are up 35% YTD

** Stock touched record intraday high of $38.51 on Tues

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))