One makes billions on the stock exchange, but hardly brings the state tax francs

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Wednesday, September 15: The On share goes on sale for the first time. The five top managers cash in. Caspar Coppetti, Martin Hoffmann, Marc Maurer, David Allemann and Olivier Bernhard (from left to right) on Wall Street in New York.

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On was allowed to install a test center in front of the stock exchange.

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Employees cheered in front of the stock exchange when On went into stock trading.

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Also pulls a nice shoe from the IPO: Roger Federer. The tennis ace is involved in On and is involved in shoe development.

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Next to the SIX Swiss Exchange, in Zurich-West: The threads come together at On’s headquarters. The trendy running shoe brand controls its international expansion from here. Here employees cheered when On recently became a stock on Wall Street.

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Suddenly the company has a market value of $ 10 billion! The founding trio made particularly good money: David Allemann (52), Caspar Coppetti (44) and Olivier Bernhard (53) – they all became multi-millionaires. Their account balance grew by hundreds of millions. Likewise with tennis ace Roger Federer (40), who is involved in the running shoe company and co-develops his own sneaker collections.

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A total of 5 million francs jump out

For the cantons and communities of residence of the five top managers at On, hardly anything falls from the windfall, reports the “Tages-Anzeiger” in its print edition. According to his calculations, the taxes amount to a good 5 million francs – a piece of paper compared to the windfall from the IPO. Why isn’t it raining a lot more money for the treasury now? Asks the newspaper.

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On does not provide any information on this, citing the standstill period required by the IPO. The cantonal finance department does not reveal any details either. Tax secrecy. In any case, the On IPO does not pour in corporate taxes. With the exception of a small profit in the previous year, the running shoe brand has made losses so far.

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The IPO is more interesting for the federal government. The issue tax on the newly issued shares amounts to 6 million francs. Stock exchange party and money blessing for fans and shareholders, but you won’t find long faces in Zurich. Compared to the “Tages-Anzeiger”, the finance directorate said: “It is a sign of the innovative strength of the location when a Zurich start-up achieves success.” (uro)

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