VIZIO Raises $159M From IPO At $21 Per Share

Television and soundbar designer and seller VIZIO Holding Corp VZIO priced 12.25 million shares at $21 per share in its initial public offering (IPO).
The IPO includes 7.56 million from VIZIO and 4.69 million shares from selling stockholders.
The offering is expected to fetch gross proceeds of $158.76 million.
Additionally, the underwriters have a 30-day option to purchase additional shares up to 1.84 million from the selling stockholders.
The shares will begin trading on the NYSE under the symbol "VZIO" today.
J.P. Morgan and BofA Securities are the lead book-running managers for the offering.

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