Amer Sports, the maker of Wilson tennis rackets and a host of other sports equipment, raised about $1.37 billion in its initial public offering, which was priced below the previously expected $16-$18 range. This was yet another disappointing IPO.

If any company knows how to rebound from an ugly brick shot, it should be one in the basketball business. Amer Sports badly missed on the pricing of its initial public offering, despite having an all-star roster of underwriters.