IPO - Profile

On Holding AG

Miscellaneous > Other Consumer Services

ONON

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$24.00 31,100,000 Positive High 44.26%

Offering Team

  • Legal counsel
  • Davis Polk & Wardwell LLP
  • Auditors
  • PricewaterhouseCoopers S.A

Deal Highlights

On was born in the Swiss Alps with one goal: to revolutionize the sensation of running based on the radical idea of soft landings followed by explosive take-offs. Or, as we call it, running on clouds. Innovation is at the core of On’s foundation and we focus our efforts on three main areas: performance, design and impact. We aspire to increase performance for athletes and everyday consumers by applying smart, distinct and sustainability-focused designs to our products. We believe evolving consumer preferences towards more active, healthier lifestyles and the casualization of fashion are the primary drivers of growth in today’s approximately $300 billion global sportswear industry. We believe our ethos and capabilities position On to benefit from these secular shifts. Our team culture is built around five core values or, as we call them, spirits: explorer, athlete, team, survivor, and positive spirit. These five spirits guide us in our approach to making a positive contribution in the right way. For ourselves. For runners. And for our planet. We believe how we do things is just as important as what we do.

Deal Tracker

IPO Dates

Filing 14 Sep, 2021

Offer 15 Sep, 2021

Look Ahead

Lock Up Expiry Mar 15, 2022

IPO Terms

Offer Price $24.00
Offer Size 31M

Market Sentiments

Stock Price