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Running shoe company Roger Federer wants to go public in the United States in the fall

Running shoe company Roger Federer wants to go public in the United States in the fall

According to informed sources, Swiss running shoe company On Running is aiming for an initial public offering (IPO) in the USA. Several people familiar with the matter told the Reuters news agency that a jump on the trading floor could happen in the fall and the company is valued at around $ 5 billion. Among other things, tennis star Roger Federer made the company famous.

The report said On Running is working with JP Morgan, Goldman Sachs and Morgan Stanley on an initial public offering (IPO). Credit Suisse and other banks have also joined. The stock exchange plans are expected to become official in September or October and the company will be valued at between four and six billion dollars.

Publish date: 04/30/2021 at 2:58 pm

Last update: April 30, 2021, 3:39 pm