(Updated - February 1, 2024 1:05 PM EST)
Shares of Amer Sports (AS) are trading about 4% higher shortly after opening for trading on Tuesday.
Despite pricing lower than expected - at $13/sh vs its previously indicated range of $16-$18/sh - the company was able to offer 105,000,000 shares, above its original indication of 100,000,000 shares.
The stock is trading around $13.75, or about 4% above its IPO price.