a blue and white shark vacuum on a store display shark is one of several housecare brands developed by sharkninja operating llc in a year thats featured very few ipos home appliance and vacuum cleaner company sharkninja debuted on the new york stock exchange on monday after it was spun off from hong kongs js global lifestyle after its listing at just over 30 a share the stock trading under ticker symbol sn rocketed 40 in its first day but in the four that followed sharkninja shares tumbled below their listing price to 2690 at fridays close ceo mark barrocas described the company in an interview with cnbc on monday as a consumersolving engine he said we solve problems that others cant but regardless of how popular the companys smart vacuums air fryers and grills may be the stocks lackluster performance in its first week points to other problems for investors to consider most notably sharkninja and other companies that are closely tied to china have to deal with mounting geopolitical tensions between the worlds two largest economies and the exorbitant costs of navigating a strained trade relationship as a business sharkninja has established itself in the us the company generated revenue last year of 37 billion about flat compared to the prior year but up 35 from 2020 according to a regulatory filing in the latest reported quarter 70 of its revenue was in north america sharks upright vacuums and ninjas electric grills each account for 43 of their respective markets in the us the filing showed from 2019 to 2022 sharks robot vacuum market share grew from 15 to 25 meanwhile vacuum rival irobot  which amazon has agreed to acquire is giving up business the company said in the risk factors section of its most recent annual filing that increased competitive pressure has resulted and will continue to result in a loss of sales or market share in june the uks competition watchdog greenlit amazons planned 17 billion purchase of irobot which was agreed upon a year ago sharkninjas gains dont tell the whole story headquartered in the boston suburb of needham massachusetts sharkninja was a subsidiary of private equity firm js global which is majority owned by its chairman xuning wang a chinese citizen based in hong kong js global separated the us and china businesses citing geographicspecific considerations