Vizio Holding Corp.

Vizio Holding Corp. (VZIO) priced its initial public offering on Mar 25, 2021 at $21.00 per share, within its $21.00–$23.00 range, raising $257.2M, and listed on NYSE. At the IPO price its market capitalization was about $3.86B. J.P. Morgan was lead-left underwriter, joined by BofA Securities, Wells Fargo and Guggenheim and others. Wilson Sonsini advised the company and Davis Polk advised the underwriters.

Vizio Holding Corp. makes Smart TVs and the SmartCast operating system that lets viewers access streaming services, free channels such as WatchFree and VIZIO Free Channel, gaming and other content. Its platform also gives content providers a distribution channel and advertisers tools to target ads.

Status

IPO

Ticker

VZIO

Exchange

NYSE

Priced

Mar 25, 2021

IPO price

$21.00

Price range

$21.00–$23.00

Raised

$257.2M

Market cap at IPO price

$3.86B

First filed

Mar 1, 2021

Underwriters

J.P. Morgan, BofA Securities, Wells Fargo, Guggenheim, Needham, Piper Sandler and Roth Capital

Company counsel

Wilson Sonsini

Underwriters' counsel

Davis Polk

Sector

Industrials & materials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.