On (ONON) Prices 31.1M Share IPO at $24/sh

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On Announces Pricing Of Initial Public Offering

September 14, 2021 6:44 PM EDT

ZURICH, Sept. 14, 2021 /PRNewswire/ -- Swiss performance sportswear brand On announced today the pricing of its initial public offering of 31,100,000 Class A ordinary shares at a public offering price of $24.00 per share. On is offering 25,442,391 Class A ordinary shares and certain selling shareholders are offering 5,657,609 Class A ordinary shares. In connection with the offering, On and the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,665,000 Class A ordinary shares at the initial public offering price to cover over-allotments. The Class A ordinary shares are expected to begin trading on the... More