Smashing offer: Federer in action during Wimbledon. On Holding AG, in which he is an investor, has applied for a listing. — AP
NEW YORK: On Holding AG, the owner of high-performance shoemaker On Running, and its existing shareholders has filed to raise as much as US$622mil (RM2.6bil) in one of the first initial public offerings (IPO) to take advantage of the post-Labour Day listings window.
The shoe brand, which counts tennis legend Roger Federer among investors, would have a market value of more than US$6bil (RM25bil) in the listing based on the outstanding shares listed in its filing with the United States Securities and Exchange Commission
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