Deals
On Running Shoemaker’s IPO Beats Target to Raise $746 Million
An On sneaker in the window of the company's NYC flagship store in the NoHo neighborhood of New York.
Photographer: Nina Westervelt/BloombergThis article is for subscribers only.
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.