Salomon-Owner Amer Sports' IPO Falls Short of Expectations

Amer Sports -- the parent company to brands including Salomon, Arc'Teryx and Wilson -- raised $1.6 billion USD in its NYSE initial public offering (IPO), selling 105 million shares at $13 USD each to reach a valuation of $6.3 billion USD.The hotly-anticipated IPO, which marked the largest listing in fashion since Birkenstock's IPO last year, fell short of the expected range of $16 USD to $18 USD per share. If Amer Sports had secured the forecasted figures, it would have earned a valuation of app...