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IPO – Swiss shoe manufacturer On is apparently aiming for an IPO in the USA

“Finanz und Wirtschaft” wrote that online on Friday evening. The newspaper calls on various people from the capital market environment. In the summer of 2020, the “NZZ am Sonntag” reported that On was aiming for an IPO. However, co-founder David Allemann then denied: One had no plans for an IPO next year, he told AWP at the time. The “FuW” wrote On now on request about possible stock exchange plans in the USA, there are no decisions.

On spokeswoman Vesna Stimac replied to the request of the AWP news agency: “There is no news from our side. On is very focused on growth, innovation and the running boom we are currently experiencing.”

According to the newspaper report, On is already hiring staff with experience in investment banking. According to reports, the transaction will also be organized by a large US investment bank. A Swiss bank is also involved in the deal.

In addition to tennis player Roger Federer, various company founders and the American private equity company Stripes Group would also earn money from an IPO. This would involve a significantly higher company value than the 2 billion francs that were reached in the last round of financing a year ago.

(AWP)

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