Made 9 billion yuan in World War I, Jinjiang Footwear King won the largest IPO of the US stock market this year


Last year, ANTA officially launched its maiden voyage to Southeast Asia.
On the evening of February 1st Beijing time, Finnish sports giant Amer Sports went public on the New York Stock Exchange in the United States. This was the first Chinese company to go public in the United States in 2024 and also the largest US stock IPO project since chip design company Arm in September last year.
In this listing, Yamafin Sports offered an opening price of $13.4, which is below the guidance range of $16 to $18. A total of 105 million shares were issued, raising a total of $1.8 billion. As of the close, Yamafen's market value was 6.3 billion US dollars (approximately 45 billion RMB).
Yamafen Sports was founded in 1950 as a tobacco company. It entered the sports goods industry in 1986 and entered China through agents in 2000. By 2018, it had 13 brands, including well-known brands such as Salomon, Wilson, and Archaeopteryx.
In 2018, Anta Group, together with Fangyuan Capital, Anamed Investments (an investment company held by the founder of Lululemon), and Tencent, formed a consortium to acquire all brand assets of Yamafin Sports for 4.6 billion euros (approximately 35.9 billion yuan). Among them, ANTA Group invested 1.543 billion euros (approximately 12 billion yuan) to hold 57.85% of the shares.
Within three years, ANTA Group has transformed the Archaeopteryx into the Herm è s of the outdoor world and the iPhone in the assault suit.
Over the past three years, the revenue of Yamafin Sports has been increasing, from $2.446 billion in 2020 to $3.549 billion in 2022, with an annual growth rate of over 20%. According to the latest announcement released by Anta on the evening of January 23, Yamafin Sports is expected to have a full year revenue of around $4.4 billion in 2023.
After the IPO, Anta Sports, Fangyuan Capital, Anamed Investments, and Tencent held 44.5%, 12.7%, 16.3%, and 4.5% of shares respectively. Based on the closing price, the book surplus of Anta Sports's acquisition is approximately 9 billion yuan.
After Yamafen Sports went public, ANTA was once again pushed to the forefront. This company, which has been established for 32 years and listed for 16 years, has acquired brands such as Feile, Di Sante, Kelong, and Italian luxury home textile Frette in the past few years, making it one of the few successful cases of multi brand expansion in China. Anta's current market value is HKD 187.4 billion, making it the number one sports brand in China.
Founder Ding Shizhong is from Jinjiang, Fujian. He comes from a grassroots background and is 53 years old. In the past year, he has talked about the most topic: going abroad and internationalizing ANTA.

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