Arc'teryx's parent company, Amer Sports, is rumored to launch an IPO as early as 2023.

(Schematic, Bloomberg)

[Financial Channel/Comprehensive Report] Foreign media reported that China's largest sportswear manufacturer "ANTA" is considering launching an initial public offering (IPO) of its Finnish sportswear company "Amer Sports" in 2023.

"Bloomberg" quoted people familiar with the matter as saying that the joint investors of Anta and Amer Sports are conducting preliminary negotiations with investment banks on the IPO. It is estimated that the IPO may raise about US$1 billion (about NT$30.6 billion) or more However, the size and location of the final IPO have not yet been determined.

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People familiar with the matter also added that since the current consideration is still at an early stage, it is not ruled out that Anta and its partners may decide not to go public.

Regarding the above reports, Anta said it would not comment on market rumors and speculation.

Anta acquired Amer Sports for US$5.2 billion (approximately NT$159.2 billion) in 2018. The latter's brands include mountaineering equipment brand Arc'teryx, well-known sports equipment brand Wilson, Salomon hiking shoes, Peak Performance, etc.

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