Deals
TV Maker Vizio Falls in Debut After Downsized IPO
- Vizio’s streaming platform revenue more than doubled in 2020
- CEO sees home entertainment, connected devices fueling growth
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Smart-TV maker Vizio Holding Corp., backed by affiliates of Taiwan-based Foxconn Technology Group, fell 9% after its downsized initial public offering.
Vizio’s shares opened trading Thursday at $17.50 after selling for $21 in the IPO. The company and some of its investors sold 12.25 million shares Wednesday to raise $257 million, after marketing 15 million shares for $21 to $23.