Amer Sports slips after $750 mln share offering launch

Amer Sports

02/03/2026 21:36

** Shares of Amer Sports AS.N down 3.7% post-market to $36.50 after equity offering launch

** Finland-based sportswear firm to sell $750 mln of shares

** Co intends to use net offering proceeds to fund redemption of its 6.75% notes due 2031

** BofA and JP Morgan lead bookrunners

** Co has ~557.7 mln shares outstanding for about $21 bln market cap

** Stock edged up 0.2% to close at $37.89 on Mon, up 1.4% YTD. Shares hit record intraday high of $42.76 on Feb 20

** Avg rating of 22 analysts is "buy"; median PT $48, per LSEG data

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

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