"Amer Sports IPO: A Rollercoaster Ride for Investors"
TL;DR
CNBC's Jim Cramer advises investors to steer clear of Amer Sports, a recent IPO that debuted at a discount due to its poor balance sheet and high debt of $2.1 billion. Cramer expressed concerns about the company's heavy reliance on China for growth, cautioning that such momentum may not be sustainable. He criticized the underwriters for pushing out-of-favor IPOs like Amer Sports and warned against investing in companies with significant exposure to the struggling Chinese economy.
- Cramer says the IPO market has been 'hit or miss,' telling investors to stay away from Amer Sports CNBC
- Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13 CNBC
- Arc'teryx, Wilson Owner Raises $1.37 Billion Ahead of U.S. IPO The Wall Street Journal
- Amer Sports valued at $6.5 bln after shares rise 3% in market debut Reuters.com
- Arc'teryx apparel maker Amer Sports raises less than hoped in IPO Financial Times
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