VIZIO Announces Launch of Initial Public Offering
VIZIO Holding Corp. ("VIZIO") today announced that it has launched the roadshow for the initial public offering of 15,120,000 shares of its Class A common stock. VIZIO and certain selling stockholders are each offering 7,560,000 shares of VIZIO's Class A common stock. In addition, the underwriters of the initial public offering will have an option to purchase up to an additional 2,268,000 shares of Class A common stock from the selling stockholders. The initial public offering price is expected to be between $21.00 and $23.00 per share. 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 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 [email protected]; BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by email at [email protected].
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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