 On Holding AG ONON, 45.83 debuted to cheers on the NYSE Wednesday, as the Switzerland-based sneaker companys stock opened 47.5 above the initial public offering price. The company, which has a cooperation agreement with tennis star Roger Federer, had said overnight that its offering of 31.1 million shares, of which 25.4 million shares were sold by the company, priced at 24 a share, above the expected range, which was recently raised to between 20 and 22 a share from between 18 and 20 a share, as the company raised 610.6 million. 