Yahoo is reporting that VIZIO Holding Corp., has announced the closing of its initial public offering of 12,250,000 shares of its Class A common stock at a price to the public of $21.00 per share, which includes 7,560,000 shares of its Class A common stock offered by VIZIO and 4,690,000 shares of VIZIO’s Class A common stock offered by certain selling stockholders.
VIZIO did not receive any proceeds from any sales of shares by the selling stockholders. The shares began trading on the New York Stock Exchange on March 25, 2021 under the symbol “VZIO”.
J.P. Morgan and BofA Securities acted as lead book-running managers for the offering. Wells Fargo Securities and Guggenheim Securities acted as book-running managers for the offering. Needham & Company and Piper Sandler acted as joint lead managers, and Roth Capital Partners acted as co-manager for the offering.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on March 24, 2021. The offering was made only by means of a prospectus.