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Low-cost TV maker Vizio is going public, seeks $172.5 million IPO

By Dieter Holger
Jul 25, 2015
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  1. [parsehtml]<p><img src="" /></p> <p>Vizio, an electronics company known for manufacturing affordable TVs, will soon be a publically traded under the ticker symbol &#39;VZIO,&#39; reports The Wall Street Journal. Vizio aims to raise <a href="">$172.5 million</a> for its public offering, according to documents filed on Friday with the Securities and Exchange Commission. But since the filing usually accounts for fees, the $172.5 million IPO goal isn&#39;t set in stone.</p> <p>Vizio, currently based in Irvine, Calif., has said they&#39;ll reincorporate their business in Delaware, but the company has not said which stock exchange they&#39;ll sell their shares under. Vizio&#39;s shares will be divided into Class A and B shares; A shares will be sold to the public, providing one vote per share and Class B shares -- worth 10 votes per share -- will be owned by Vizio CEO William Wang so he can control the company.</p> <p>The electronics company earned its success by selling low-cost flat panel TVs. In April, TechSpot reported on Vizio&#39;s 2015 lineup offering a <a href="">43-inch 4k TV starting at $599</a>. Thanks to Vizio&#39;s competitive pricing, the soon-to-be public electronics company has snagged <a href="">around 25 percent</a> of the U.S. TV market, trailing not far behind Samsung. In the first half of this year, Vizio claimed $31.4 million in profit and $1.34 billion in sales, opposed to last year&#39;s $25.3 million and $1.26 billion, respectively.</p> <p>Vizio has also experimented with selling electronics like tablets, laptops and desktops, but all these products have since vanished from <a href="">their web store</a>.</p><p><a rel='alternate' href='' target='_blank'>Permalink to story.</a></p><p class='permalink'><a rel='alternate' href=''></a></p>[/parsehtml]
  2. Hopefully by doing this their prices won't go up. the next tv I was planning to purchase is going to be a vizio due to their quality thats on par with basically everyone elses but their prices are more fair. I respect companies like this that will give you a quality product that's just as good as the other guys for a much nicer price. keep going vizio :)
    SantistaUSA likes this.
  3. psycros

    psycros TS Evangelist Posts: 1,377   +745

    So will they still be part of LG or totally independent?
  4. Vizio doesn't have anything to do with LG and never has, it is a completely independent American company.
    Donutt007 likes this.
  5. Donutt007

    Donutt007 TS Rookie

    Where do these rumors come from? Vizio is a "Frankenstein" TV, they buy almost all of their parts from other brands, but they are their own company.
    Their quality is almost as low as their prices!
  6. Donutt007

    Donutt007 TS Rookie

    Their quality is garbage, sorry but it is. Also they are only about a 9% margin and if they go public I'm sure the shareholders will want to see higher margins, this might be the beginning of the end for vizio.
  7. Actually the quality of their products has increased dramatically. I used to buy nothing but Sony TVs. In 2009 I bought a Vizio after comparing the picture quality to Sony and it was better. I have a few Vizio sets now and everyone who has came over and saw them were amazed because they made the assumption that is was a "crappy" brand. Sure you will get a lemon from every brand every now and then but they do have some good products, some on par with Sony and Samsung.
  8. It's obvious to me you have never own one. I have and their quality is anything, but garbage.
  9. Forebode

    Forebode TS Booster Posts: 86   +7

    I wouldn't call them garbage.. Both models have developed problems. First one has screen burning problems, or it would take 3 button presses on and off to get the picture to finally load up. Another one the sound would work sometimes, or in just one channel. It also had that problem where it couldn't be on the same surge protector without emitting a high pitched frequency.

    Since then, I've gotten a better job and have 2 Samsungs with no problem other than the annoying updating.
  10. How is their quality garbage. Had one for almost 5 years without any major issues (only the remote is flaky). Have friends who have the same experience
  11. captaincranky

    captaincranky TechSpot Addict Posts: 11,860   +1,951

    There actually is no such thing as a, "completely independent American company." At least with respect to electronics. Perhaps military RADAR equipment or high end hospital gear, (CAT scanners), might be made here, and then again they might be from Hitachi or Toshiba..

    Apple likes to pass itself off as an "American company" too. Right, good luck with that.

    Ostensibly, Vizio is using huge Chinese OEM such as "Funai", for parts and sub-assemblies. Best Buy's house brand, "Dynex", was manufactured in toto by Funai.

    In fact, I have an old Dynex flat panel TV, along with a later BB house brand "Insignia". You can use either TV's remote control to work the other.
    Last edited: Jul 27, 2015
  12. captaincranky

    captaincranky TechSpot Addict Posts: 11,860   +1,951

    Which TV brand is "better" is an issue you don't want to tackle.. I expect that some who are complaining the most bitterly, have people at home running their TV 24/7. with possibly the TV tucked into the worst ventilated corner of the room.

    As for my choice of brand, whichever promo / leader Best Buy has on sale Black Friday, is what goes into the back of my Jeep. I haven't worn one out yet, but then I live by myself. I cruise along with a paltry daily TV time of from about 8:00 PM to 3:00 AM the next day. If you're counting, 7 hours a day during the week, with the TV getting more time off on the weekend for "good behaviour".

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