Amer Sports Aims To Score Another Group Winner After Fila Jackpot [Seeking Alpha]
ANTA SPORTS PRDS UNSP/ADR (ANPDY)
NASDAQ:AMEX Investor Relations:
ir.anta.com
Company Research
Source: Seeking Alpha
The company is keen to boost the global profile of the Arc'teryx brand by opening more specialty stores. Amer's major shareholder, ANTA, has had a tough time on the slumping Hong Kong stock market of late. Amer Sports, spun off from ANTA Sports, went public on the New York Stock Exchange on Feb. 1. Amer Sports NYSE: AS ) became the biggest U.S. IPO of the year so far when its shares launched in New York in February, giving investors a chance to profit from popular leisure brands such as Wilson and Salomon. Spun off from the Chinese conglomerate ANTA Sports Products Ltd. OTCPK:ANPDF OTCPK:ANPDY , 2020.HK), Amer listed at $13 a share and made a sluggish start as a public company, rising 3.1% on its debut. But the stock picked up speed after that and is jogging along around 20% higher than its launch price, having peaked at a post-IPO gain of 40% in intraday trade along the way. This month, shareholders got their first look at the company's earnings performance as a listed com
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