Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
On Holding AG (“On” or the “Company”) (NYSE: ONON), a premium performance sports brand rooted in technology, design and impact, recently completed an initial public offering of 35,765,000 Class A ordinary shares, including the exercise in full of the underwriters’ option to purchase 4,665,000 additional shares, at a price of $24.00 per share, generating gross proceeds of $858.4 million. The Company intends to use the net proceeds from the offering for general corporate purposes.
On was born in the Swiss Alps with one goal: to revolutionize the sensation of running by empowering all to run on clouds. Eleven years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. Fueled by customer-recommendation, On’s award-winning CloudTec® innovation, purposeful design and groundbreaking strides in sportswear’s circular economy have attracted a fast-growing global fanbase — inspiring humans to explore, discover and dream on. On is present in more than 60 countries globally and engages with a digital community on its Company website. On is headquartered in Zurich, Switzerland.
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