Amer Sports slips after $750 mln share offering launch

Shares of Amer Sports AS.N down 3.7% post-market to $36.50 after equity offering launch

Finland-based sportswear firm to sell $750 mln of shares

Co intends to use net offering proceeds to fund redemption of its 6.75% notes due 2031

BofA and JP Morgan lead bookrunners

Co has ~557.7 mln shares outstanding for about $21 bln market cap

Stock edged up 0.2% to close at $37.89 on Mon, up 1.4% YTD. Shares hit record intraday high of $42.76 on Feb 20

Avg rating of 22 analysts is "buy"; median PT $48, per LSEG data