Smart TV maker Vizio’s IPO prices at $21 a share, low end of proposed range

Smart TV maker Vizio Holding Corp.’s initial public offering priced at $21 a share late Wednesday, the low end of its $21 to $23 proposed price range. The Irvine, Calif.-based company offered 7.56 million shares, while selling shareholders offered 4.69 million shares, below their original plan to offer 7.56 million. The shares will start trading Thursday on the New York Stock Exchange, under the ticker “VZIO.” There were seven banks underwriting the deal, led by JP Morgan and BofA Securities. Proceeds of the deal will be used for general corporate purposes and working capital.

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