NEEDHAM, Mass. - SharkNinja, Inc. (NYSE: SN), a prominent product design and technology firm, has announced the pricing for a secondary offering of its ordinary shares. On the upcoming date of March 22, 2024, subject to standard closing conditions, 4,691,899 ordinary shares will be offered by certain shareholders affiliated with Xuning Wang at $58.00 per share. These shareholders have also provided underwriters a 30-day option to purchase up to an additional 703,785 shares.
The company itself is not selling any shares nor will it receive proceeds from this transaction. The offering is being managed by a team of joint lead book-running managers including Goldman Sachs & Co (NYSE:GS). LLC, J.P. Morgan, Jefferies, and Morgan Stanley (NYSE:MS), with BofA Securities, Guggenheim Securities, and William Blair serving as joint book-running managers.
This sale of securities will be conducted by means of a prospectus, a legal document required for such transactions. The prospectus will provide detailed information about the offering, and when available, it can be obtained from the aforementioned financial institutions.
The registration statement for this offering has been filed and approved by the Securities and Exchange Commission (SEC), ensuring that the sale complies with relevant laws and regulations. It is important to note that this press release does not constitute an offer to sell or a solicitation of an offer to buy the securities, and that the sale will not proceed in any jurisdiction where it would be unlawful without registration or qualification under the securities laws of that state or jurisdiction.
SharkNinja, headquartered in Needham, Massachusetts, is known for its diversified portfolio of highly-rated lifestyle products under the Shark and Ninja brands. The company's growth and market share gains have been attributed to its continuous introduction of innovative consumer products across various categories.
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