VIZIO Files Registration Statement for Proposed Initial Public Offering
VIZIO has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering of its Class A common stock. The specific number of shares and price range for the offering have yet to be determined. VIZIO plans to list its stock on the New York Stock Exchange under the ticker symbol VZIO. J.P. Morgan and BofA Securities will lead the offering, with other firms also participating as managers. The registration statement is pending effectiveness, meaning no sales can occur until it is approved.
- Proposed IPO indicates growth potential and market entry for VIZIO.
- Intention to list on NYSE under the symbol VZIO could attract investors.
- No determined share count or price range creates uncertainty for investors.
- Pending registration may delay market participation and immediate liquidity.
IRVINE, Calif., March 1, 2021 /PRNewswire/ -- VIZIO Holding Corp. ("VIZIO") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered by VIZIO and certain selling stockholders and the price range for the proposed offering have not yet been determined. VIZIO intends to list its Class A common stock on the New York Stock Exchange under the symbol "VZIO."
J.P. Morgan and BofA Securities will act as lead book-running managers for the proposed offering. Wells Fargo Securities and Guggenheim Securities will also act as book-running managers for the proposed offering. Needham & Company and Piper Sandler will act as joint lead managers, and Roth Capital Partners will act as co-manager for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com; BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by email at dg.prospectus_requests@bofa.com.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About VIZIO
Founded and headquartered in Orange County, California, VIZIO's mission is to deliver immersive entertainment and compelling lifestyle enhancements that make our products the center of the connected home. VIZIO is driving the future of televisions through its integrated platform of cutting-edge Smart TVs and powerful SmartCast operating system. VIZIO also offers a portfolio of innovative sound bars that deliver consumers an elevated audio experience. VIZIO's platform gives content providers more ways to distribute their content and advertisers more tools to target and dynamically serve ads to a growing audience that is increasingly transitioning away from linear TV.
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SOURCE VIZIO
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