VIZIO’s $257.2 Million Initial Public Offering

Wilson Sonsini Goodrich & Rosati advised VIZIO on the deal, while Davis Polk advised the representatives of the several underwriters.

VIZIO announced the pricing of its initial public offering of its Class A common stock at a price of $21.00 per share.

VIZIO is offering 7,560,000 shares of its Class A common stock and selling stockholders are offering 4,690,000 shares of Class A common stock, plus up to an additional 1,837,500 shares that the underwriters have the option to purchase. The shares began trading on the New York Stock Exchange on March 25, 2021, under the symbol “VZIO.”

J.P. Morgan Securities LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, Guggenheim Securities, LLC, Needham & Company, LLC, Piper Sandler & Co., and Roth Capital Partners, LLC acted as underwriters for the offering.

The Wilson Sonsini team advising VIZIO included: Katie Martin (Picture), Rezwan Pavri, Lisa Stimmell, Mark Bass, Gordon Grafft, Grecia Barboza, Courtney Matteson, Daniel Xo, Amy Simmerman, Ryan Greecher, Brian Currie, Scott McCall and Mark Cornillez-Ty?.

Davis Polk advised the representatives of the several underwriters with 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.

Involved fees earner: Mikaela Dealissia – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Gregory Hughes – Davis Polk & Wardwell; Sarah Kirk – Davis Polk & Wardwell; Beth LeBow – Davis Polk & Wardwell; James Lin – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Constance Zhang – Davis Polk & Wardwell; Grecia Barboza – Wilson Sonsini Goodrich & Rosati; Mark Bass – Wilson Sonsini Goodrich & Rosati; Mark Cornillez-Ty – Wilson Sonsini Goodrich & Rosati; Brian Currie – Wilson Sonsini Goodrich & Rosati; Gordon Grafft – Wilson Sonsini Goodrich & Rosati; Ryan Greecher – Wilson Sonsini Goodrich & Rosati; Katharine Martin – Wilson Sonsini Goodrich & Rosati; Courtney Matteson – Wilson Sonsini Goodrich & Rosati; Scott McCall – Wilson Sonsini Goodrich & Rosati; Joan Moses – Wilson Sonsini Goodrich & Rosati; Rezwan Pavri – Wilson Sonsini Goodrich & Rosati; Amy Simmerman – Wilson Sonsini Goodrich & Rosati; Lisa Stimmell – Wilson Sonsini Goodrich & Rosati; Daniel Xo – Wilson Sonsini Goodrich & Rosati;

Law Firms: Davis Polk & Wardwell; Wilson Sonsini Goodrich & Rosati;

Clients: Bank of America Securities; Guggenheim Securities; J.P. Morgan Securities LLC; Needham & Company; Piper Sandler; Roth Capital Partners, LLC; VIZIO, Inc.; Wells Fargo Securities;

Author: Martina Bellini