The parent company of On Running has informed the U.S. Securities & Exchange Commission that it has decided to raise the price of its initial public offering from a range of $18 to $20 to a range of $20 to $22. The company has also indicated that the full overallotment of shares has been subscribed, raising the total offering to 35,765,000 shares, which would bring the proceeds up to a maximum of $786.8 million and boost the company’s valuation up to a maximum of around $5.7 billion. The pricing of the IPO is expected to take place on the New York Stock Exchange in the course of this week.

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