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Vizio Holding Corp (NYSE: VZIO) has recovered nicely from a rough start after the stock opened at $17.50 following its IPO in late March.
Within its first two days of trading, Visio shares climbed back above its $21 IPO price, which has served as a support level for the stock ever since.
Vizio has had a long road to the NYSE. The HD TV maker initially planned to go public back in 2015, but it nixed its IPO after the company agreed to a $2 billion merger with LeEco. However, the merger was never completed.
Today, Vizio’s primary source of revenue remains TV sales, but investors are excited about the growth prospects in its streaming and advertising businesses.