SharkNinja selling shareholders to offer 5 million ordinary shares

NEEDHAM, Mass. - SharkNinja, Inc. (NYSE:SN), a consumer products company with a market capitalization of $16.8 billion and currently trading at $119.59, announced Wednesday that certain selling shareholders affiliated with CJ Xuning Wang, the Chairperson of SharkNinja’s board of directors, have begun an underwritten public offering of 5 million ordinary shares of the company.

The selling shareholders also plan to grant underwriters a 30-day option to purchase up to an additional 750,000 ordinary shares, according to a company press release.

SharkNinja will not sell any ordinary 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 proposed offering.

The shares are being offered through a registration statement filed with the Securities and Exchange Commission. The offering will be made via a preliminary prospectus supplement and accompanying prospectus.

SharkNinja is a global product design and technology company headquartered in Needham, Massachusetts, with more than 3,600 associates. The company operates under the Shark and Ninja brands, developing consumer products across multiple categories that are sold through retailers and distributors worldwide.

The announcement comes as part of a standard securities offering process, with the company noting in its statement that the offering will proceed in accordance with applicable securities regulations.

In other recent news, SharkNinja Inc. reported impressive second-quarter earnings for 2025, surpassing Wall Street expectations. The company achieved an earnings per share of $0.97, which was significantly higher than the forecasted $0.57. Revenues also exceeded projections, reaching $1.44 billion compared to the anticipated $1.07 billion. Additionally, Guggenheim raised its price target for SharkNinja from $120 to $140, maintaining a Buy rating on the stock. The firm highlighted the company’s 15.7% net sales growth during a period when the industry is experiencing low-single-digit declines. In another development, certain selling shareholders, affiliated with CJ Xuning Wang, announced a secondary offering of 5 million ordinary shares. They also plan to provide underwriters a 30-day option to purchase an additional 750,000 shares. These recent developments reflect significant activity and interest in SharkNinja’s financial performance and market strategy.

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