Homburger advised the Underwriters on the IPO of On Holding AG on NYSE

On September 17, 2021, On Holding AG, a Swiss-based athletic shoe and performance sportswear company, announced the successful initial public offering (IPO) on the NYSE. The offering comprised 31,100,000 firm shares, of which 82% were offered by On Holding AG and 18% were offered by the selling shareholders, and an over-allotment option granted to the underwriters of an additional up to 4,665,000 shares. Trading of the shares on the NYSE commenced on September 15, 2021 under the ticker symbol «ONON».

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC, UBS Securities LLC, Credit Suisse Securities (USA) LLC, Robert W. Baird & Co. Incorporated, Stifel, Nicolaus & Company, Incorporated and Telsey Advisory Group LLC acted as underwriters in connection with the IPO.

Homburger acted as Swiss legal counsel to the underwriters. The Homburger team was led by partner Dieter Gericke and included associates Lorenzo Togni, Karin Mattle and Francesco Bernasconi (all Capital Markets; Corporate / M&A). Partner Stefan Oesterhelt provided tax advice.