A blue and white Shark Vacuum on a store display.
After its listing at just over $30 a share, the stock — trading under ticker symbol SN — rocketed 40% in its first day.
Shark's upright vacuums and Ninja's electric grills each account for 43% of their respective markets in the U.S., the filing showed.
From 2019 to 2022, Shark's robot vacuum market share grew from 15% to 25%.
JS Global separated the U.S. and China businesses, citing "geographic-specific considerations."
Persons:
Mark Barrocas, SharkNinja, greenlit Amazon's, Xuning Wang
Organizations:
SharkNinja, New York Stock Exchange, Kong's, CNBC, U.S, Amazon, JS Global
Locations:
Friday's, China, North America, U.S, Boston, Needham , Massachusetts, Hong Kong