HONG KONG -- Amer Sports, the Chinese-owned sports equipment and apparel maker whose brands include Wilson and Louisville Slugger, will begin trading in New York on Thursday in a listing that is set to test American investors' appetite for China as geopolitical tensions intensify.
The company has raised less money than hoped: $1.3 billion after pricing the initial public offering below its initial range, giving it a market capitalization of $6.3 billion, according to other media. A source close to the deal confirmed to Nikkei Asia that the company had raised less than its target of up to $1.8 billion but did not give an exact figure.
