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Amer Sports, Inc. - $AS STOCK NEWS

Welcome to our dedicated page for Amer Sports news (Ticker: $AS), a resource for investors and traders seeking the latest updates and insights on Amer Sports stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amer Sports's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amer Sports's position in the market.

Rhea-AI Summary

Crewe Capital advised PV3 Investments in acquiring ENVE Composites, a US cycling manufacturer, from Amer Sports. ENVE, known for its all-American manufacturing of high-tech biking products, will continue its operations in Utah under PV3's ownership. The acquisition reflects PV3's commitment to supporting ENVE's growth and maintaining its position in the market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.11%
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Rhea-AI Summary
Amer Sports, Inc. filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC. The report can be accessed on the company's investor relations website and the SEC's website. Security holders can request a hard copy of the audited financial statements for free.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.83%
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Rhea-AI Summary
Amer Sports Inc. (NYSE: AS) announced strong financial results for Q4 2023 and full-year 2023, with revenues at the high-end of or above preliminary flash results. The company reported a 23% revenue increase to $4.37 billion for 2023, led by growth in Greater China and APAC. Amer Sports completed an IPO on NYSE and refinanced $1.8 billion in debt in February 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.13%
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Rhea-AI Summary
Amer Sports, Inc. will report its Q4 and full year 2023 financial results on March 5, 2024, followed by an earnings call. Investors can access the webcast on the company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.21%
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Rhea-AI Summary
Amer Sports, Inc., a global group of iconic sports and outdoor brands, announced an upsized offering of $800 million aggregate principal amount of 6.75% senior secured notes due 2031. The offering reflects a $200 million increase from the previously announced size. The net proceeds will be used to repay outstanding indebtedness under existing credit facilities and bilateral credit facility.
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Rhea-AI Summary
Amer Sports, Inc. has announced a private offering of $600 million aggregate principal amount of new senior secured notes due 2031, along with a new credit agreement and new senior secured credit facilities. The net proceeds from the offering and credit facilities will be used to repay outstanding indebtedness and for general corporate purposes. The offering is subject to market and other conditions, and the Notes will not be registered under the Securities Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
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Rhea-AI Summary
Amer Sports, Inc. has announced the pricing of its initial public offering of 105,000,000 ordinary shares at a public offering price of $13.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 15,750,000 ordinary shares. The ordinary shares are expected to begin trading on the New York Stock Exchange on February 1, 2024 under the symbol 'AS'. The closing of the offering is expected to occur on February 5, 2024, subject to customary closing conditions. Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan, and Morgan Stanley are acting as joint book-running managers for the offering.
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Rhea-AI Summary
Amer Sports, Inc. has announced the launch of its initial public offering of 100,000,000 ordinary shares, with an option for the underwriters to purchase an additional 15,000,000 shares. The initial public offering price is expected to be between $16.00 and $18.00 per share, and the company has been approved to list its ordinary shares on the New York Stock Exchange under the symbol 'AS'. The proposed offering is subject to market conditions, and the actual size or terms of the offering are uncertain.
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Amer Sports, Inc.

NYSE:AS

AS Rankings

AS Stock Data

7.43B
149.90M
73.55%
14.97%
0.72%
Leisure
Consumer Cyclical
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United States of America
Helsinki