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Amer Sports’ IPO falls below target

Amer Sports, the owner of Arc’teryx, Wilson and Salomon, has raised 1.3 billion dollars in its NYSE initial public offering (IPO), falling short of its target with 100 million shares priced at 13 dollars each. This came far below the expectations of the company, which initially forecasted the IPO price to be between 16 and 18 dollars per share...