Monday, July 27, 2015

Consumer Electronic Company Vizio Files For IPO

Vizio, a US-based consumer electronics company, filed with US regulators on Friday to raise up to $172.5 million in an initial public offering (IPO) of Class A common stock

Bank of America Merrill Lynch, Deutsche Bank Securities and Citigroup were listed as underwriters for the IPO offering. 

Founded in 2002 and based in Irvine, California, Vizio has made a name by selling affordable consumer electronics equipments such as flat-screen TVs, audio/video products, LCD monitors and HDTV accessories. 

The IPO filing did not reveal how many shares the company planned to sell in the stock market and which market it would list on. The company said it will list its Class A common stock under the ticker “VZIO.” 

Vizio says that the amount of money it plans to raise in its first IPO filing is used to calculate registration fees and that the final size of the IPO filing could be different. 

Image Credit: Recode.net

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