Federer-backed On sprints higher after impressive debut

ForgeRock

16/09/2021 19:21

** Roger Federer-backed shoemaker On Holding  ONON.N  up
11.5% at $39.03, a day after shares surged in debut
    ** ONON shares on Thurs rise as high as $40.13 vs $24 IPO
price
    ** Stock on Weds notched first-day return of 46% after co
and some existing shareholders sold 31.1 mln shares well above
an already upwardly revised range  urn:newsml:reuters.com:*:nL4N2QH3KU
    ** Co originally marketed 31.1 mln shares at $18-$20, before
hiking the range on Mon
    ** Goldman Sachs, Morgan Stanley and JP Morgan led 9-firm
underwriting group for the IPO
    ** On Holding's deal comes amid a string of strong IPO
performances this week, including coffee chain Dutch Bros
 BROS.N   urn:newsml:reuters.com:*:nL1N2QI1EY, digital identity management firm
ForgeRock Inc  FORG.N   urn:newsml:reuters.com:*:nL1N2QI1R3, software consultancy co
Thoughtworks  TWKS.O   urn:newsml:reuters.com:*:nL4N2QH3K4 and cloud software firm
Definitive Healthcare  DH.O   urn:newsml:reuters.com:*:nL4N2QH3LY

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))