On Running is a Swiss athletic footwear and apparel company specializing in premium running shoes, apparel, and accessories. Founded in 2010 by Olivier Bernhard, David Allemann, and Caspar Coppetti, the company is known for its proprietary CloudTec cushioning technology and innovation in performance running products.
On Running is publicly traded
IPO'd on Sep 15, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under ONON.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2010
Employees
1,001–5,000
Total Funding
$136.6M
1 rounds
Last Private Valuation
$1.7B
Feb 2020
CEO Martin Hoffmann to step down; co-founders Allemann and Coppetti become Co-CEOs
Founder-led leadership transition; watch for strategic continuity signals
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $136.6M across 1 rounds
Last updated 10-02-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Feb 2020 | Private Placement | $136.6M | $1.7B *estimated |
David Allemann
Co-Chief Executive Officer (Co-CEO), Executive Co-Chairman & Co-Founder
Caspar Coppetti
Co-Chief Executive Officer (Co-CEO), Executive Co-Chairman & Co-Founder
Olivier Bernhard
Executive Member of the Board & Co-Founder
Scott Maguire
President & Chief Operating Officer (COO)
Frank Sluis
Chief Financial Officer (CFO)
Rebecca Cai
Chief Global Markets Officer
Alice Delahunt
Chief Customer Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Nike
Leading global athletic footwear and apparel company with dominant presence in running shoes and performance gear
ASICS
Japanese athletic shoe manufacturer specializing in running shoes with strong market presence in cushioning technology
Brooks
Running-focused athletic brand dedicated to understanding and enhancing human movement through innovative running gear
HOKA
Performance running shoe brand founded by former Salomon employees, known for maximalist cushioning and trail running focus
New Balance
Athletic footwear and apparel manufacturer with diverse running shoe offerings and heritage in the market
Yes, On Running is publicly traded under the ticker symbol ONON on the NYSE. The company went public in Sep 15, 2021.
On Running trades under the ticker symbol ONON on the NYSE. It began trading in Sep 15, 2021.
On Running (ONON on the NYSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker ONON to place an order.
On Running went public in Sep 15, 2021 via ipo, with an offering valuation of approximately $1.7B. On Holding completed its initial public offering on September 15, 2021, listing on the New York Stock Exchange under the ticker ONON after pricing 31.1 million shares at $24 each to raise approximately $746 million. Full-year 2025 net sales were CHF 3,014.0 million, up 30.0% year over year and 35.6% in constant currency, per the company's Form 20-F for 2025. At its investor day on September 22, 2026 On set 2029 targets of at least CHF 5.6 billion in net sales and an adjusted EBITDA margin of 22% or higher, and authorised the repurchase of up to $1 billion of its Class A ordinary shares through December 31, 2029.
On Running raised $136.6M across 1 disclosed funding rounds prior to its public listing.
On Running was co-founded by David Allemann, Caspar Coppetti, and Olivier Bernhard in 2010.
On Running is headquartered in Zurich, Switzerland.
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