Davis Polk advised the representatives of the several underwriters in connection with the $257.2 million initial public offering of 12,250,000 shares of Class A common stock of VIZIO Holding Corp., of which 7,560,000 shares were issued and sold by VIZIO and 4,690,000 shares were sold by the selling stockholders. VIZIO’s Class A common stock is listed on the New York Stock Exchange under the symbol “VZIO.”
Founded and headquartered in Orange County, California, VIZIO's mission is to deliver immersive entertainment and compelling lifestyle enhancements that make its products the center of the connected home. VIZIO is driving the future of televisions through its integrated platform of cutting-edge Smart TVs and powerful SmartCast operating system. VIZIO also offers a portfolio of innovative sound bars that deliver consumers an elevated audio experience.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Beth LeBow and Sarah Kirk. Partner Pritesh P. Shah and associate Mikaela Dealissia provided intellectual property advice. The tax team included counsel Kiara L. Rankin and associate Constance Zhang. Counsel Gregory D. Hughes and associate James (Chih-Kai) Lin provided executive compensation and benefits advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.