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Finance

Texas Tech reports record operating revenue in FY23

The Texas Tech athletic department had $146.8M in operating revenue for FY23, a “record for the department,” according to Don Williams of the LUBBOCK AVALANCHE-JOURNAL. The figure is up from $110.2M in FY22, which was the “first year the Tech athletics budget hit nine figures.” Texas Tech also had...

Amer Sports raises $1.37B in U.S. IPO

Amer Sports raised about $1.37B in a U.S. initial public offering "priced below a marketed range," selling 105 million shares at $13 each. Three members of the consortium that acquired the company in 2019 agreed to "buy 21 million additional shares at the IPO price, on top of their previous...