Wilson racket maker Amer Sports discounts IPO as investors worry about its reliance on China

Wilson racket maker Amer Sports discounts IPO as investors worry about its reliance on China

FILE PHOTO: A shop assistant holds a shoe at a Salomon store in Beijing, China August 10, 2018. REUTERS/Jason Lee/File Photo

Amer Sports raised $1.365 billion in a discounted U.S. initial public offering (IPO) on Wednesday, after investors expressed concerns about its growing reliance on China for its revenue, people involved in the process said.