Thursday, May 14, 2015

Vizio Eyes IPO

Irvine-based consumer electronics maker Vizio is looking to file for an IPO, and has started shopping for investment bankers, according to a report. Bloomberg says that Vizio has more than $1 billion in revenues, and has been invited a number of banks to pitch for its business, and is hoping for an IPO this year. Vizio was founded by William Wang, and was originally bootstrapped by Wang with $600,000 raised from friends and family and by mortgaging his house.