ANTA Sports Products Ltd (AS7.MU)

Amer, backed by Anta Sports, makes winning debut in New York after US$1.4 billion stock offering

Amer Sports, backed by China's biggest sportswear maker Anta Sports Products, made a winning start as a listed company after its shares rose by 3.1 per cent in New York on Thursday. Shares of the Finland-based company closed at US$13.40, giving the owner of Wilson, Salomn and Arc'teryx brands a market value of US$6.6 billion. The stock traded 0.2 per cent to 6.2 per cent higher during the trading hours. Amer raised about US$1.4 billion from the sale of 105 million shares at US$13 each, below the