Amer Sports conducted a US initial public offering that raised $1.3 billion, falling below its marketed range, marking the second major IPO in a week to miss its target. The company, known for its Wilson tennis rackets and Salomon ski boots, priced 100 million shares at $13 each. The IPO's disappointing result may impact the IPO market's recent recovery trend, reminiscent of the struggles faced by other companies such as BrightSpring Health Services Inc. Amer Sports is backed by China's Anta Sports Products, and it owns various brands, including Louisville Slugger and Arc'teryx.