LEVI - On Holding sails past Under Armour's market cap on second day of trading
On Holding AG (NYSE:ONON) is up another 14% on day two of trading and topped out at $40 per share earlier in the session. Volume on ONON today is over 13M shares of the 616M shares outstanding. At the high point, Onon traded with a market cap of $10.9B, which is higher than Levi Strauss's (NYSE:LEVI) cap at $10.6B, Under Armour's (NYSE:UAA) cap at $9.5B, Crocs' (NASDAQ:CROX) cap at $9.3B and Ralph Lauren's (NYSE:RL) cap at $8.3B. It's not just On Holding AG (ONON) having a huge IPO debut. Dutch Bros. is also smoking hot on its second day of trading.
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On Holding sails past Under Armour's market cap on second day of trading