2024-01-01 07:00:00 ET
Lululemon Athletica (NASDAQ: LULU) has generated massive gains for its investors since its initial public offering (IPO) in 2007. Shares of the Canadian athleisure apparel maker have soared from their split-adjusted IPO price of $9 to nearly $510 today -- which would have turned a $1,000 investment into nearly $57,000 over the past 16 years.
Those multi-bagger gains drove many investors to seek out the "next Lululemon" in the athletic apparel market. One of those winners might be On Holding (NYSE: ONON) , the Swiss footwear and apparel maker that went public just two years ago.
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For further details see:
Could On Holding Become the Next Lululemon?