SharkNinja shareholders launch 5 million share secondary offering

SharkNinja Inc. (NYSE: SN) announced that certain selling shareholders affiliated with board chairperson CJ Xuning Wang have commenced an underwritten public offering of 5 million ordinary shares.

The selling shareholders also intend to grant underwriters a 30-day option to purchase up to an additional 750,000 ordinary shares of the Needham, Massachusetts-based product design and technology company.

SharkNinja will not sell any shares in the offering and will not receive proceeds from the sale, according to the company's statement.

J.P. Morgan and BofA Securities are serving as joint lead book-running managers for the offering.

The shares are being offered through a registration statement on Form F-3ASR filed with the Securities and Exchange Commission. The offering will be conducted through a preliminary prospectus supplement and accompanying prospectus.

SharkNinja operates as a global product design and technology company with a portfolio of lifestyle solutions sold under the Shark and Ninja brands. The company has more than 3,600 associates and sells products through retailers and distributors worldwide.

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