Swiss running company On have reached one of their greatest achievements yet by going public on the New York Stock Exchange, under the symbol ONON. The monumental occasion was marked with what On know best: 100 keen runners joined the company founders – Olivier Bernhard, David Allemann and Caspar Coppetti – on a jog along the Hudson River, then up to Wall Street to ring the opening bell.
On have enjoyed a meteoric rise since their founding in 2010. While initially based out of Zurich, the company’s ascent has been largely thanks to their expansive Cloud series of running and lifestyle shoes. Immense growth has seen millions of athletes worldwide opt for On – among them compatriot tennis GOAT Roger Federer signing ‘On’ as an investor and brand ambassador. This also resulted in a signature ‘The Roger’ line of casual and performance tennis shoes, the newest additions to ventures beyond the pavement, which includes trail hikers and sports-inspired casual apparel.
According to Bloomberg, shareholders were able to raise $746 million towards On’s IPO, enabling them to join the NYSE. On’s market value is now also estimated at $7.3 billion, far exceeding the $5 billion figure quoted not even two months ago.
It looks like On are certainly keeping on.