Consumer Electronics Giant VIZIO, Inc., Files for $172.5M Common Stock IPO

VIZIO, Inc. announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission ("SEC") relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

The proposed maximum offering price is $172.5 million.

BofA Merrill Lynch, Deutsche Bank Securities and Citigroup are acting as joint bookrunning managers and as representatives of the underwriters in the proposed offering. BMO Capital Markets, Piper Jaffray and Wells Fargo Securities are also bookrunners in the proposed offering. Roth Capital Partners is acting as co-manager in the proposed offering.

Brief financial statement: Our products are sold in over 8,000 retail stores across the United States. We held the #1 unit share position in the U.S. sound bar industry(1) and the #2 unit share position in the U.S. Smart high definition, or HDTV, industry in 2014.(2) For the years ended December 31, 2013 and 2014 and the six months ended June 30, 2015, we generated net sales of $3.0 billion, $3.1 billion and $1.3 billion and reported net income of $25.7 million, $45.0 million and $31.4 million, respectively. Substantially all of these amounts were generated from the sale of televisions and sound bars.

VIZIO’s mission is to deliver the ultimate entertainment experience through our community of connected consumers, advertisers and media content providers.

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