Federer-backed sports shoe maker On denies preparing for IPO


  • Tennis
  • Monday, 13 Jul 2020

FILE PHOTO: "The Match In Africa" Exhibition Match - Cape Town Stadium, Cape Town, South Africa - February 7, 2020 Switzerland's Roger Federer in action during the exhibition match against Spain's Rafael Nadal REUTERS/Mike Hutchings

VIENNA (Reuters) - Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, denied on Monday a newspaper report that said it was making preparations for a stock exchange listing.

Swiss paper NZZ am Sonntag said the decade-old company was in the early stages of preparing for an initial public offering (IPO) in summer or autumn 2021, citing anonymous sources. At least one Swiss newspaper reported NZZ's article.

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