Unpacking Amer Sports IPO 📦 | Calling the Shots x Following the yuan

A primer of the IPO, why do we think it’s happening now, our thoughts on the discount & 3 risk factors and 3 relaxation factors

Today, Anta-owned sporting goods company Amer Sports (NYSE: AS) is officially listed in the U.S. on an initial public offering of around US$1.37 billion.

Despite a discount, it is considered the largest IPO since last October, and it marked a rare occurrence of Chinese owners in the U.S. capital markets following Beijing's tech crackdown in late 2020.

I…