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One is aiming for a $ 6 billion valuation on Wall Street


from

Reuters

Translated by

Felicia Enderes

Published on



08.09.2021

On Holding, the athletic shoe brand in which tennis champion Roger Federer has a stake, is aiming for a valuation of more than $ 6 billion as part of its planned IPO on the New York Stock Exchange, according to documents released on Tuesday emerges.

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Roger Federer is a shareholder of On – Instagram On Running

The company plans to launch 31.1 million shares at a price between $ 18 and $ 20 each as part of the IPO. At the high end of the range, the transaction would raise $ 622 million.

Reuters reported in April that the shoe manufacturer plans to go public in the fall, with a valuation target of between four and six billion dollars. The company’s current shareholders will sell approximately 5.66 million shares in the IPO.

As can be seen from the documents, Roger Federer has been a shareholder in the company founded in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti in Zurich since 2019.

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