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Vizio Files to Go Public

Irvine TV flat screen TV maker Vizio Holding Corp. on Monday filed paperwork with the Securities & Exchange Commission for an initial public offering.

The company, started by Chairman and CEO William Wang, would trade on the New York Stock Exchange with the ticker VZIO.

The filing did not include information on the price range or proposed number of shares to be sold in the offering.

Vizio’s filing comes as the nearly 20-year-old firm evolves from a hardware maker for TVs to all-out media company, using its TVs to connect advertisers with viewers. The company in its filing credited the success of its devices to what is now “a massive growth opportunity for us.”  

Last year proved a boon for Vizio with total net revenue of $2.04 billion, up 11% from the prior year. Net income in 2020 totaled $102.48 million, up from $23.09 million in 2019. 

For more on Vizio, see the March 8 edition of the Business Journal. 

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