Amer Sports rises 3% in tepid market debut after discounted US IPO

Amer Sports rises 3% in tepid market debut after discounted US IPO

Snow falls in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 30, 2019. Photographer: Michael Nagle/Bloomberg

Amer Sports, the maker of the world-renowned Wilson tennis rackets, returned to public markets in a tepid debut on Thursday after selling shares at a discounted price in its U.S. IPO for a valuation of $6.3 billion.