Holding AG, a shoe company backed by Swiss tennis star Roger Federer, is targeting an initial public offering (IPO) of more than $ 6 billion in the US regulatory agency. Filing Shown on Tuesday.
The company plans to sell 31.1 million shares in its IPO at a price of $ 18 to $ 20 per share. Raise $ 622 million at the top of the price range.
Reuters report In April, the shoe store was aiming for an autumn listing with a valuation of $ 4 to $ 6 billion.
On’s existing shareholders are offering approximately 5.66 million shares in the IPO. The company does not earn any income from the sale of these shares.
The Zurich-based company was founded in 2010 by Olivier Bernhard, David Aleman and Casper Koppetti. Federer invested in the company in 2019, according to Filing.
Goldman Sachs & Company, Morgan Stanley and JP Morgan are the underwriters of this offering. About the plan to be listed on the New York Stock Exchange with the “ONON” symbol.
By Sohin iPodder