Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The IPO market has witnessed its third large offering failure of this year. Amer Sports priced its IPO well below its marketed range last week. This was the second large deal to fail to meet its target price in a week.
Amer Sports’ missed its $16 to $18 price range, selling the stock for $13, for a number of reasons. Investors have been concerned about the company’s reliance on revenues from China and the Arc’teryx brand.
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