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Shoemaker On Running's IPO Beats Target

  • Bloomberg, Thursday, September 16, 2021 10 PM
On Running raised $746 million in its U.S. initial public offering. The performance shoe brand, which counts tennis legend Roger Federer among its investors, would have a market value of about $7.3 billion based on the outstanding shares listed in filings with the U.S. Securities and Exchange Commission. “Federer became a shareholder in 2019, and last year the company unveiled a shoe named after him that he helped design,” according to Bloomberg.

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