On Running Shoemaker’s IPO Beats Target to Raise $746 Million

September 15, 2021

The maker of On Running performance shoes priced its U.S. initial public offering above a marketed range to raise $746 million.

On Holding AG and some of its investors sold 31.1 million shares for $24 each on Tuesday, according to a statement confirming an earlier report by Bloomberg News. The company had marketed the shares for $20 to $22 each. Bloomberg