Tuesday, March 30, 2021

VIZIO Closes IPO

Irvine-based VIZIO said it closed its successful IPO on Monday, selling 12,250,000 shares of its Common Stock at $21.00 per share. The company--which started trading on March 25th, now trades under the symbol VZIO. The IPO was 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. VIZIO is best known for its smart television line, but also has a number of other related products.