Vizio tries to go public, five years after his first messy attempt
Vizio has filed for an IPO for the second time this week, and his S-1 – the sprawling document all companies must file with the Securities and Exchange Commission – definitely worth reading if you are a fan of finance or the television industry in general.
I say this because it offers a fairly granular look at the business of the company – we now know, for example, that Vizio has sold over 80 million TVs since its inception in 2002, of which just over 7 million. last year. But it’s also worth a look because what must be the best introduction to one of those documents I’ve ever seen, in which founder and CEO William Wang briefly tells the story of surviving a plane crash on a construction site.
He said that “finally coming home” after this ordeal was one of the best times of his life, and out of that relief and comfort, Vizio was born. In a way, it’s no exaggeration to think that tough times are the key to the company’s work – everything was born out of a terrible accident, and Vizio has spent years dealing with it. huge competitors like Samsung and LG. With that in mind, it seems appropriate to take a look at the many difficult times who followed the latest time that Vizio filed for an IPO.