Vizio

Founded in 2002 Taiwan by immigrant William Wang, Vizio designs and sells televisions and soundbars. The company is headquartered in Irvine (state California,). USA

History

2024: Walmart bought Vizio for $2.3 billion

In February 2024, the American Walmart chain announced the purchase of TV manufacturer Vizio for $2.3 billion. It is assumed that thanks to this acquisition, the retailer will be able to increase sales of Vizio products, as well as establish advertising for goods and services on Smart TV platforms.

2021: Going public with the NYSE

At the end of March 2021, the largest American TV manufacturer Vizio entered the New York Stock Exchange (NYSE). The company's shares trade under the ticker symbol VZIO.

Vizio shares fell 9% in trading, closing at $19.10 per share. The company's stock began trading at $17.50 apiece. Vizio valued its 12.25 million shares at $21 apiece, which was the lower end of its range, with the company valued at about $3.9 billion.

Vizio entered the New York Stock Exchange

Vizio has two separate but fully integrated businesses: Device and Platform +. Through Device, the company distributes a line of Smart TVs and soundbars, sales are carried out through Amazon, Best Buy, Costco, Sam's Club, Target, Walmart. The company also sells its products through its own online channel on the site VIZIO.com. Platform + is developing the personally developed SmartCast operating system, which provides a wide range of different applications and content. SmartCast supports streaming apps such as Amazon Prime Video, Apple TV +, Disney +, Hulu, Netflix, Paramount + and YouTube TV. The company's platform is monetized in several ways: advertising, data collection for advertising agencies, and subscription video on demand.

As of December 1, 2020, Vizio's sales reached 82.2 million TVs and 11.8 million soundbars. The company ranks second in the television market in terms of sales for the period January 2018 to December 2020 and is the leading brand in the soundbar market. North America

This is Vizio's second attempt to go public, the first was in 2015. Vizio completed its IPO in 2016 after China's LeEco offered to buy the company for $2 billion. In 2017, the deal fell apart due to regulatory complications, and in 2018 Vizio sold stakes to Taiwanese manufacturing partners Foxconn and Innolux.^[1]

Notes