On’s Race to the NY Stock Exchange Is Only the Beginning
Following reports last month, On has now officially been listed on the New York Stock Exchange. A group of 100 runners, including all five co-founders of the Swiss sportswear brand, made their way through Manhattan and over to Wall Street to ring the stock exchange’s famous bell.
Sources previously reported that On was hoping to reach a valuation of $5 billion. On is one of the fastest-growing sportswear brands in the world, having taken the running world by storm over the past 10 years and slowly but steadily establishing itself in the lifestyle market as well. On’s half-year sales numbers in 2021 grew 85 percent when compared to the same period in 2020.
In addition to impressive numbers, the brand also passes the eye test. More and more people are wearing On sneakers in big cities and, while the big brands still dominate, you’d be surprised by how many On sneakers you’ll see on the street.
On hopes that its listing on the NYSE will help the brand keep its independence and continue its phase of hyper-growth into the future. The IPO, paired with On’s impressive momentum, and the fact that fellow Swiss legend Roger Federer is on board as a co-entrepreneur, lay solid foundations for future success.
Stay tuned for more information on On’s public offering. In the meantime, check out our favorite On sneakers here.
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