Summary by Futu AI
Amp Sporting Goods Co., Ltd. (Amp Sports) announced on February 1, 2024 that the ordinary shares of its joint venture Amer Sports were officially traded on the New York Stock Exchange on the same day, under the ticker symbol AS. At a final issue price of $13.00 per share, Amer Sports initially issued 105,000,000 shares of related securities and granted overallotment options to underwriters to purchase up to 15,750,000 shares to cover the overallotment. AS A CORNERSTONE INVESTOR, AMPED SPORTS DECIDED TO PURCHASE 16,923,076 SHARES OF RELATED SECURITIES FOR A TOTAL INVESTMENT OF US$2.2 BILLION. After the listing, Amped Sports will hold approximately 44.74% of the issued shares in Amer Sports. Anped Sports said that it will assess the impact of this listing on the Group's non-cash accounting profit or loss in the consolidated financial statements for the year ended 31 December 2024 and will provide updates in due course.