Intriguing IPOs: Sharkninja (SN)
The household cleaning and cooking appliance maker shows it can be just as lucrative to be an imitator as it is to be a trend-setter.
The Scullery Maid, Jean Simeon Chardin, circa 1738 (National Gallery of Art)
Sharkninja (NYSE: SN) isn’t what you would call an under-the-radar IPO. Along with Cava, it is one of the larger companies to go public this year. While you may haven’t have heard of the company yet, I’m confident that – based on its product’s market share -- you have at least one of its Shark or Ninja branded products in your household.
Having a recognizable brand is one thing, being an investible company is a whole other one. There are some things about Sharkninja that make it interesting as an investment, but there are some tough questions regarding the relationship it has with its former parent.
Let’s dig in.
Shoutout to Koyfin for their data and charts, without which much of the research for this piece wouldn’t be possible. Sign up for Koyfin here and receive 10% off.
