NEW YORK: Swiss running shoe company On Holding, which boasts tennis icon Roger Federer as a stakeholder, debuted on the New York Stock Exchange on Wednesday, selling 31.1 million shares in its initial public offering and raising $746.4 million on Day 1 of its listing.
On Holding's share price jumped by almost 46% in their NYSE debut, valuing the Swiss shoemaker at around $11 billion by the end of the day, BBC reports.