Wilson tennis racket maker Amer Sports files for US IPO
The Straits Times|January 08, 2024
Other high-profile firms also looking to go public as fears of economic downturn wane

Wilson tennis racket maker Amer Sports on Jan 4 revealed a 30 per cent revenue surge for the first nine months of 2023 in its filing to go public in the United States, joining other high-profile firms looking to take advantage of recovering investor appetite.

US initial public offerings (IPOs), which went through an arid period that lasted most of 2022 and 2023, are projected to rebound as the stock market hovers near record highs.

"We expect 2024 will look like a 'normal year', but after 2022 and 2023, normal might feel like a flood of IPOs," said Mr Matthew Kennedy, a senior strategist at IPO research firm Renaissance Capital.

Social media firm Reddit, cloud security company Rubrik and software start-up Service Titan are also expected to go public in 2024 as fears of an economic downturn wane and investor sentiment recovers.

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