Consumer products and technology company SharkNinja has become an independent, publicly traded company, according to a press release. Its separation from parent company JS Global Lifestyle Company Limited was completed on Monday, at which point SharkNinja began trading on the New York Stock Exchange under the ticker symbol “SN”.
Founded in 1994, SharkNinja is a manufacturer of a variety of home goods and appliances. The Needham-based company’s name was formed by combining two of its primary brands — Shark, which mainly produces vacuum cleaners and similar devices, and Ninja, which focuses on cooking gadgets such as blenders, air fryers and coffee makers. These products are sold at select retail stores, both online and offline, as well as through distributors around the world.
Now, under the terms of the separation, shareholders who held JS Global ordinary shares on July 4 (referred to as the “record date”), received one SharkNinja ordinary share for every 25 ordinary shares of JS Global.
