On 15 September 2021, On Holding AG, an athletic shoe and performance sportswear company, successfully completed its initial public offering on the New York Stock Exchange (NYSE). The offering consisted of 31,100,000 Class A ordinary shares, of which 25,442,391 were offered by On Holding AG and 5,657,609 were offered by the selling shareholders, and an over-allotment option granted to the underwriters of an additional up to 4,665,000 Class A ordinary shares (which was exercised in full on 15 September 2021). The issuance price was USD 24 per Class A ordinary share. Trading of the shares on NYSE commenced on 15 September 2021 under the ticker symbol “ONON”.