YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Federer-backed shoe company valued at $11B in IPO

Posted online

Shares of Roger Federer-backed running shoe company On Holding jumped nearly 46% in their initial public offering debut.

The day of trading yesterday valued the Swiss firm at $11 billion.

Federer teamed up with the company early this year to develop the Roger Pro tennis shoe. The tennis player has worn the shoes at recent tournaments such as Wimbledon.

Read more from BBC News.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Evergreen Hair House

Evergreen Hair House opened; the Ozark Chamber of Commerce moved to a new home; and Dirk’s Tavern LLC got its start on C-Street.

Most Read
Update cookies preferences