SharkNinja prices upsized secondary offering at $116 per share
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SharkNinja Inc. (NYSE: SN) announced the pricing of an upsized secondary offering of 5.5 million ordinary shares at $116.00 per share. The offering represents an increase from the originally proposed 5 million shares.
Selling shareholders affiliated with CJ Xuning Wang, the chairperson of SharkNinja's board of directors, are conducting the sale. The sellers have granted underwriters a 30-day option to purchase up to an additional 825,000 ordinary shares.
The offering is expected to close on August 22, 2025, subject to customary closing conditions. SharkNinja will not sell any shares in the offering and will not receive any proceeds from the sale.
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.
SharkNinja is a Massachusetts-based product design and technology company that operates the Shark and Ninja brands. The company employs more than 3,600 people and sells products through retailers and distributors globally.
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