Amer Sports dips as a top investor to reduce stake

ReutersMay 28, 2025 9:31 PM

Shares of Amers Sports AS.N down 1.1% in extended trading to $37.31 after secondary offering unveiled

Finland-based sportswear firm says private equity firm FountainVest Partners to offload 35 mln shares

FountainVest is third largest investor with ~69.1 mln shares, or ~14% stake, based on ~489.5 mln outstanding AS shares, per latest LSEG data

Goldman and BofA lead bookrunners for offering

On May 20, AS shares finished up 19% after co's Q1 beat-and-raise report

AS shares ended down 2% at $37.73 on Weds, but are up 35% YTD

Stock touched record intraday high of $38.51 on Tues

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