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Vizio, A Smart TV Maker Built For Streaming Revolution, Goes Public
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deadline.comVizio, the No. 2 maker of smart TVs in North America and a rising player in streaming distribution and advertising, had its initial public offering this morning.While Covid-19 safety restrictions are limiting the numbers and high-fives, executives from the Irvine, CA-based company are ringing the bell at the New York Stock Exchange.
The offering of 12.25 million shares using the ticker symbol VZIO was priced at $21. Vizio, which was founded in 2002 by William Wang, who is its chairman and CEO, is looking to raise up to $174 million from the IPO.The hardware business is growing steadily, with Vizio trailing only Samsung in the smart TV sector.
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