Tuesday, March 2, 2021

VIZIO Files For IPO

Irvine-based VIZIO Holding, the manufacturer of monitors and televisions, has filed for an IPO, saying it intends to raise up to $100M in its IPO. The company intends to list on the New York Stock Exchange as VZIO. The IPO is being underwritten by J.P. Morgan, BofA Securities, Wells Fargo Securities, Guggenheim Securities, Needham & Company, Piper Sandler, and Roth Capital Partners. VIZIO's largest Class A shareholders are AmTRAN Technology Co., Ltd.; Q-Run Holdings Ltd.; V-TW Holdings, LLC; Innolux Corporation; and Foxconn Assembly Holding Corporation. VIZIO CEO William Wang owns 100% of the company's Class B shares. The company reported 102M in net income on just over 2.0 billion in net revenues for the year 2020.