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Online Clothes Reseller ThredUp Files To Go Public

ThredUp, an online consignment and thrift store offering secondhand clothes, filed confidentially for an IPO in October 2020 and has now publicly released its S-1 filing with the US Securities and Exchange Commission (SEC) for that as expected. ThredUp will list on the Nasdaq Global Select Market  under the symbol “TDUP.” By the stats: ThredUp's S-1 filing shows $186 million in revenue for 2020, compared to $164 million in the previous year, 2019, and $130 million in 2018, the year before that. The company isn't profitable and hasn't been for the past three years, reporting respective net losses of  $48 million, $38 million, and $34 million in 2020, 2019, and 2018. ThredUp has a high Gross Profit rate, being nearly 70% in both 2020 and 2019. Most of the company's expenses making it record net losses are attributed to 'Operations, product and technology'.  ThredUp doesn't spend so much on sales and marketing, with its 2020 and 2019 spend for the segment com

Smart TV Maker Vizio Files To Go Public

Vizio, a well-known maker of smart TVs and other complementary equipment such as soundbars, has filed an S-1 with the US Securities and Exchange Commission (SEC) for a public listing, seeking to do so for the second time after having previously filed to go public in 2015 but later withdrew its plan in lieu of a $2 billion sale agreement to a Chinese company that unfortunately didn't pan out. The market for technology IPOs has been very hot as of late and it seems that Vizio is coming in at the right time to capitalize on that hotness. A popular maker of smart TVs, Vizio has sold over 80 million TVs and 11 million soundbars since the company's inception, as indicated in its S-1 filing. The company sold 7.1 million TVs in 2020 alone. Vizio has strong revenues and is profitable, reporting $102 million in net income on over $2 billion in revenue in 2020. In the previous year, 2019, Vizio reported a net income of $23 million on $1.8 billion in revenue. Most of Vizio's revenue c

Mobile Ad-Tech Company AppLovin Files To Go Public

The latest tech company to join the IPO train with a filing for a public listing is AppLovin, an ad-tech platform for mobile app developers, mostly developers of video games. AppLovin has publicly released its S-1 filing for an IPO, giving a peek into the company's finances with information not disclosed publicly before. By the stats: AppLovin's S-1 filing shows $1.45 billion in revenue in 2020, compared to $994 million in 2019 and $483 million in 2018. As it is, the company's annual revenue tripled between 2018 to 2020, a signal of rapid growth. AppLovin isn't profitable, reporting a net loss of $125 million in 2020, $119 million in 2019, and $256 million in 2018. The company has been able to withstand significant losses as its revenue grew rapidly thanks to venture equity and debt funding to the tune of $1.4 billion that it's raised over the span of its existence. AppLovin ended 2020 with $317 million in cash and cash equivalents at hand. AppLovin is an ad-tech

IPO: Compass Unveils S-1 Filing, To List On NYSE

After confidentially filing for an initial public offering (IPO) this January, the venture-backed online real estate listings company Compass has now publicly released its S-1 filing with the US SEC, giving a peek into its financials and operational stats with information not publicly-known before, and we're here with noteworthy bits from the company's S-1 filing. Bits from Compass's S-1 filing; Compass reported $3.7 billion in revenue in 2020, compared to $2.4 billion in the previous year, 2019. The company's revenue grew sporadically from $187 million in 2016 to around 20 times that amount in 2020. Compass isn't profitable, reporting a net loss of $270.2 million in 2020, down from $388 million in 2019. The company hasn't posted annual profits in the past consecutive five years. Compass' biggest annual operating expense comes from 'commission and other transaction-related expenses' while the second-biggest expense lies in sales and marketing. The

IPO Chatter: Hot Cybersecurity Startup SentinelOne

The latest company to get into the center of chatters and rumors of an imminent public listing is SentinelOne , a Mountain View-based cybersecurity startup that's made a mark as one of the hottest of its kind with investor attraction. SentinelOne is preparing for a soon public listing that could value it at more than $10 billion and has begun interviewing banks for potential roles in its public listing, according to a report from Bloomberg . It's said that SentinelOne could list even as soon as this very year. SentinelOne is part of a cohort of technology startups that have brought artificial intelligence to the field of cybersecurity, using AI to detect and protect companies from cybersecurity threats and breaches. The company has roots in Israel, a major cybersecurity hub, and was founded in 2013. SentinelOne has been a hot startup for venture backers, drawing around $700 million in private funding of which a majority was raised just in the past two years. The Mountain View

Cloud Platform DigitalOcean Unveils S-1 Filing For An IPO

The latest technology company to speed up on the route onto the public markets is DigitalOcean , a popular cloud infrastructure provider for developers and enterprises.  The company has unveiled its S-1 filing for a public listing with the US SEC and given a peek into its finances and business operations with information not publicly known before. DigitalOcean is a cloud infrastructure and hosting provider for developers and enterprises to deploy their apps and online services. Though based in New York, the company operates data centers spread across the globe.  As indicated by its S-1 filing, DigitalOcean pulled in $318.4 million in revenue in 2020, compared to $254.8 million in the previous year, 2019. The company's annual sales grew by over 100% from $203 million in 2018 to roughly $318 million in 2020. Though, DigitalOcean isn't profitable and hasn't been in the past successive years, posting respective losses of $43.6 million, $40.4 million, and $36 million in 2020, 2

Crypto Company Coinbase Unveils S-1 Filing For Direct Listing

After confidentially filing for a public offering in December, the popular cryptocurrency exchange Coinbase has now unveiled its S-1 filing  with the US SEC to the public, giving a peek into the company's financials and operational information not publicly known before. Coinbase's S-1 filing shows $1.28 billion in revenue in 2020, more than double its $533.7 million revenue in 2019. The crypto exchange is very profitable with a net income of $322.3 million in 2020, compared to a $30.4 million loss in 2019. With its just-revealed financial stats, it should then be no surprise that investors were recently reported to have driven up the market value of Coinbase, which was valued at $8 billion from its last formal financing round, to over $100 billion in a private market share sale ahead of the company's listing. As it is, technology stocks have been hot as of late and generally seen great favor from public market investors. The crypto markets have been even hotter, with Bitc

New IPO Hearsay: Restaurant Payments Company Toast

The latest company to get into the center of rumors of an impending public offering is Toast , a heavily-funded developer of software and hardware used to manage operations and run payments for restaurants. The company is planning an initial public offering that could value it at around $20 billion and has held talks with banks Goldman Sachs and JPMorgan Chase to underwrite a listing, according to a report from the Wall Street Journal . Toast is a ten-year-old startup that's carved a lucrative market for itself providing cloud-based software for managing operational activities and payments for restaurants. The company's main service is payments processing, with its software paired with dedicated hardware, but it still offers additional services and features like payroll processing and email marketing. Toast also has a business division, Toast Capital, that lends money to restaurants signed up on its platform. Basically, the company is akin to Square or PayPal but primarily for

Electronics E-Tailer Enjoy Hires CFO, Hints At IPO

Enjoy Technology, an  online  electronics retailer founded by an executive who previously the head of Apple's retail business and also the CEO of retailer JCPenney, has moved to hire its first Chief Financial Officer (CFO) in what hints at plans to go public soon.  Enjoy has hired Fareed Khan as its CFO, with Khan joining the company from Parallel, a consumer goods company. Previously, Khan held respective roles as the CFO of the food giant Kellogg's and food distribution giant US Foods, which he guided through a public listing.  With Khan's experience in managing and guiding public companies as a finance head, it seems that Enjoy has hired him to help prepare it for a public listing. Enjoy is a venture-backed startup that's raised over $350 million in funding and it seems that its investors would likely be calling for an exit for their stakes in the company, wherein a public listing is one of the most common ways to do that. Fareed will oversee Enjoy's global finan

Zillow Founder Spencer Rascoff Forms 3rd SPAC To Raise $250M

Spencer Rascoff, the co-founder of the online real estate listings giant Zillow, has made his mark as one of the major beneficiaries of the boom of special-purpose acquisition companies (SPACs). He launched his first SPAC and raised $350 million in October 2020, and then a second aiming to raise $250 million earlier this month. Now, Rascoff is back with a third SPAC seeking to raise $250 million from an initial public offering (IPO). The third SPAC,  Supernova Partners Acquisition Company III , has filed with the US SEC to raise $250 million by selling 25 million shares for $10 each. Each share unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.  As expected, Supernova Partners Acquisition Company III will seek to merge with a technology company. With the expertise of Rascoff in this space as a serial entrepreneur along with that of his two other partners, private equity veterans Michael Clifton and Robert Reid, it's highly probable that t

Khosla Ventures Forms Three SPACs To Raise $1.2B

The venture capital firm Khosla Ventures is the latest institutional investor to tap into the boom of special-purpose acquisition companies (SPACs) by filing for three successive SPACs to raise a collective $1.2 billion. Khosla Ventures has filed for three eponymous SPACs;  Khosla Ventures Acquisition Co. ,  Khosla Ventures Acquisition Co. II , and  Khosla Ventures Acquisition Co. III to raise $300 million, $400 million, and $500 million respectively. The three SPACs are each seeking to raise their targeted amounts by selling tens of millions of share units for $10 each. According to their filings, Khosla Ventures' three SPACs won't focus on any particular industry when seeking merger targets. This is a bit surprising given that Khosla Ventures is primarily known for investments in the technology sector. As it seems, Khosla Ventures' SPACs will likely merge with technology companies or perhaps a few out of the many companies that it's backed as a venture capital firm.

LinkedIn, Zynga Founders Form Third SPAC To Raise $850M

The founders of the tech companies LinkedIn and Zynga, by names Reid Hoffman and Mark Pincus respectively, have formed their third special-purpose acquisition company (SPAC) after debuting their second only three months ago. Their new SPAC, Reinvent Technology Partners Y , has filed to raise $850 million in an initial public offering. The filing for a new SPAC from Hoffman and Pincus comes even as their two previous SPACs haven't formally announced merger deals. Though, there have been rumors of the both of them having respective merger discussions with the insurance startup Hippo and electric aircraft startup Joby Aviation. As expected, Hoffman and Pincus's new SPAC will target to merge with a technology company.  It seems that Hoffman and Pincus are each looking to make their mark in the SPAC world after having previously founded and built major technology companies. Hoffman founded LinkedIn and built it from its infancy through a blockbuster $26 billion sale to Microsoft

South Korean E-Commerce Giant Coupang Files For US IPO

The South Korean e-commerce giant and Amazon archnemesis Coupang has filed for an initial public offering in the US, paving the way for a blockbuster tech listing to come from the country likely this year. Coupang has unveiled its S-1 filing with the US Securities and Exchange Commission (SEC) for an IPO, noting its intention to list on the New York Stock Exchange (NYSE) under the ticker symbol "CPNG". Coupang is the biggest online retailer in South Korea, offering a service that provides quick deliveries of millions of items to households just like Amazon. Often dubbed the "Amazon of Korea", Coupang is a ten-year-old company that leveraged its locality to conquer the e-commerce market in South Korea to a number 1 position and has thrived very well since. From its S-1 filing, Coupang indicates that it posted sales of $12 billion in 2020, nearly double its sales of $6.3 billion in 2019. The company has grown astronomically over the past few years, multiplying annua

Oscar Health Files For An IPO

After filing confidentially for an initial public offering (IPO) in December, the health insurance startup Oscar has now publicly released its S-1 filing , giving a peek into its business and financials. Venture-backed to the tune of $1.6 billion , Oscar Health has made a name for itself as a major provider of health insurance process with a primarily digital process. The company reports having 529,000 customers buying health insurance plans on its platform, enough to generate $462.8 million in revenue for the company in 2020, down a bit from $488.2 million in the previous year, 2019. Oscar Health isn't profitable and has never posted annual profits since its inception, according to the company's S-1 filing. It posted a net loss of $406 million on $462.8 million in revenue in 2020 and a net loss of $261 million on $488 million in revenue in 2019. Oscar Health is seeking to go public after over 8 years of existence as a private company. It's a relatively fast tim

Founder Ryan Smith Makes Bank From Qualtrics IPO

You may know Ryan Smith as the tech entrepreneur who sealed a deal to purchase the NBA sports team Utah Jazz  in October. Smith led a group of his allies to pay $1.66 billion for the Utah Jazz, a group that includes other notable names like Mike Cannon-Brookes, the Co-CEO of Atlassian; and Ryan Sweeney, an Accel partner and longtime ally of Smith. To buy an NBA team, Smith obviously has a lot of dough. He did very well for himself when he sold Qualtrics, the survey software company he had co-founded with a few family members, for $8 billion to SAP. Then, two years later, he made the splashy Utah Jazz purchase, becoming one of the youngest ever owners of an NBA team. As it looks, Smith may have sold Qualtrics for a huge amount but still remains loyal to the company both managerially and financially. Being the company's CEO, Smith spearheaded a plan by SAP to decide to take Qualtrics public just two years after it acquired it.  Having already sold out to SAP, Smith's financial s

Universal Music Pondering 2021 IPO: Report

You may know Universal Music Group (UMG) as one of the 'big four' record labels globally, along with Warner Music, Sony Music Entertainment, and EMI. If you don't, you likely know several music artists that have deals with Universal, to name a few: Taylor Swift, Lana Del Rey, Kendrick Lamar, and Billie Eilish. Universal Music is majority-owned by the French media conglomerate Vivendi, with the Chinese tech giant Tencent having a minority stake. Just in December, an investment group led by Tencent exercised its call option to buy a further 10% stake in Universal for a price of  €3bn ($3.6bn)  after having previously acquired 10% of the company. Now, it looks like Universal Music Group may soon be heading for the public markets, as the Financial Times reports that the record label and music powerhouse is looking to hasten up its plans for a public listing and considering listing this year, 2021, rather than in 2022 as originally planned. Reportedly, the company is making t

Coinbase To Hold Direct Listing

In December, the popular cryptocurrency exchange Coinbase confirmed that it had confidentially filed for a public listing with the US Securities and Exchange Commission (SEC). Now in a new announcement , the company has said that it'll hold a direct listing, meaning it'll sell shares directly to the public without getting help from intermediary banks. Coinbase's move to hold a direct listing comes just a few weeks after the New York Stock Exchange (NYSE) approved a plan to let companies raise capital through direct listings . As of now, only a few tech companies have taken the path of direct listings, such as Palantir, Slack, and Spotify. Coinbase is one of the most prominent tech IPOs expected this year. Founded in 2012, it's made its mark as the biggest cryptocurrency exchange in the US and one of the biggest globally. With a confidential filing already submitted, it's expected that a public S-1 filing will be released soon that'll give a deeper peek into Coi

Squarespace Confidentially Files For An IPO

Just a few months after appointing its first Chief Financial Officer , the website building and hosting company Squarespace has said that it's filed confidentially for an initial public offering (IPO). The company has confidentially submitted a draft registration statement for an IPO to the US Securities and Exchange Commission (SEC). With a confidential filing made, a public filing should be expected soon and then a final debut on the public markets. Squarespace is assumedly going to debut on the public markets this year 2021, after a few years of rumors of the company looking to go public. Squarespace was launched in its current form in 2004 and has remained in private hands ever since. Over the years, the company has raised  nearly $300 million in venture funding, with most of that coming from a single $200 million secondary round that the company closed in 2017. That round came entirely from General Atlantic. Squarespace is set to go public at a time when investor sentiment t

Ride-Hailing Company Grab Picks Banks For US IPO: Report

Grab, the Southeast Asian ride-hailing giant, has picked the American investment banks JPMorgan Chase and Morgan Stanley to work on a public listing in the US that could raise at least $2 billion, Bloomberg reports . Recently, Grab was reported to be considering an IPO in the US, and now it's been reported to have picked banks for a planned public listing. Grab is the biggest ride-hailing giant in the whole of Southeast Asia. It originally began as a core ride-hailing service before branching out into other services like food delivery, fintech, and on-demand courier services. A Grab listing in the US would be a landmark one for a Southeast Asian technology company. As of now, the only major publicly-listed tech company in the US from Southeast Asia is Sea Ltd, a holding company for the e-commerce brand Shopee , gaming company Garena , and fintech service SeaMoney . Grab is one of the highest-funded technology companies in Southeast Asia and globally at large. It's raised a wh

Patreon Considering 2021 IPO: Report

Patreon, the popular subscription and membership platform for content creators, is considering a public listing this year and has met with banks for that as well as drawn interest from special-purpose acquisition companies, according to a report from The Information . Patreon is said to have recently surpassed $100 million in annualized revenue, a rapid growth from the previous year. As reported, the company is now seeking an exit on the public markets and seems to prefer a traditional public offering for that rather than the route of a merger with a  special-purpose acquisition company (SPAC) to which it's drawn interest. Founded in 2013, Patreon has made its mark as a go-to membership and subscription platform for content creators to generate revenue. The company says it now serves more than 200,000 creators earning revenue from over 4 million monthly subscribers. Patreon is a venture-funded company, with some $257 million raised in total. With such kind of venture backing, it&#

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Okta Buys Cloud Security Startup Auth0 For $6.5B

A very big new acquisition has happened in the tech industry, with Okta (NASDAQ: OKTA), the publicly-traded cloud identity and access management software provider, announcing an agreement to buy Auth0, a fellow cloud identity software provider, for a price of $6.5 billion to be paid all with shares. A $6.5 billion exit for Auth0 marks a major win for the startup scene in Seattle, the tech hub where Auth0 is based and also a major win for the company's backers and investors. Auth0 last raised venture funding last year in July with a $120 million Series F round that valued the company at $1.9 billion. Now, it's about to sell for more than triple that amount. Auth0 has raised more than $330 million in total venture funding, with investors including the likes of Salesforce Ventures, Bessemer Venture Partners, Telstra Ventures, Sapphire Ventures, and DTCP. Salesforce Ventures led Auth0's most recent $120 million Series F round. With its acquisition of a fellow cloud identity a

Exec Pay: Coinbase CEO Earned $60M In 2020

The popular cryptocurrency exchange Coinbase recently released its S-1 filing to the SEC in preparation for a public offering that's expected to come soon, with the S-1 filing providing a peek into its financials and operational stats with information not publicly known before. The core information to have been revealed by Coinbase's S-1 filing is that the company is very profitable, posting a net income of $322 million on $1.28 billion in revenue in 2020. The popular crypto exchange swung from a $30 million loss in the previous year 2019 and grew its annual revenue from $533.7 million to $1.28 billion over the year. Among the noteworthy disclosures to have come from Coinbase's S-1 filing is that the company's founder and CEO Brian Armstrong pulled in a big compensation package of nearly $60 million in 2020, precisely $59.5 million.  Brian Armstrong's $59.5 million pay package consisted of a base salary of $1 million, stock options awards of $56.7 million, and $1.

Peter Thiel Cashes Out Big From Palantir

After taking his data analytics and mining company, Palantir, public last year, it seems that Peter Thiel is keen on cashing out significantly from his stake in the company after getting an opportunity to do so on the public markets.  Thiel founded and helped build Palantir from the ground up into a data analytics powerhouse with annual sales of over $1 billion.   Palantir stayed as a private company for 17 years before hitting the public markets. According to regulatory filings and records , Peter Thiel has sold over $780 million of Palantir shares since the company began trading on the New York Stock Exchange (NYSE) in September 2020.  Thiel's largest single sale transaction was an offloading of 20 million shares for $504.8 million on the 19th of February, 2020. His second-largest was the sale of 23 million shares in a transaction netting around $236 million on the 30th of September, 2020, which was the very day Palantir began trading on the NYSE. Altogether, Thiel has netted mor

Deal: Twilio Bets $750M On Mobile Comms Provider Syniverse

Twilio, the publicly-traded cloud communications company, has sought to strategically team up with an old-guard provider of mobile and wireless communications technology named Syniverse, with a formal business partnership just  announced between both parties that'll see Twilio invest up to $750 million for a minority stake in Syniverse under its terms. Twilio has agreed to invest up to $750 million in cash for a minority stake in Syniverse, buying the stake from the company's current owner which is the private equity firm Carlyle Group. The partnership between Twilio and Syniverse will see both companies enter into a major business partnership that entails a wholesale agreement whereby Syniverse will process, route and deliver application-to-person (A2P) messages originating and/or terminating between Twilio’s customers and mobile network operators. On Syniverse's end of the deal, the company is getting a business boost by providing services for Twilio which is one of the

American Drone Maker Skydio Raises $170M, Valued At $1B+

Skydio, an American startup that makes autonomous drones, has closed a new funding round of $170 million that values it above $1 billion. The round was led by the famous venture capital firm Andreessen Horowitz, with participation from existing backers Next47, IVP, and Linse Capital, plus a new investor UP.Partners. Andreessen Horowitz led the new Series D round for Skydio from its Growth Fund, and with it, Skydio has now raised a total of over $340 million in external funding and then with a $1 billion+ valuation that makes it the highest-valued drone startup in the US. It seems that Skydio has drawn wide investor attraction after the US government placed China's DJI on a blacklist last year. DJI made its mark as the biggest drone maker globally and the largest in the US market but got placed on a government Entity List last year that barred American companies from supplying it with components. The blacklist was instituted by the former Trump administration due to alleged ties to

IPO Chatter: Hot Cybersecurity Startup SentinelOne

The latest company to get into the center of chatters and rumors of an imminent public listing is SentinelOne , a Mountain View-based cybersecurity startup that's made a mark as one of the hottest of its kind with investor attraction. SentinelOne is preparing for a soon public listing that could value it at more than $10 billion and has begun interviewing banks for potential roles in its public listing, according to a report from Bloomberg . It's said that SentinelOne could list even as soon as this very year. SentinelOne is part of a cohort of technology startups that have brought artificial intelligence to the field of cybersecurity, using AI to detect and protect companies from cybersecurity threats and breaches. The company has roots in Israel, a major cybersecurity hub, and was founded in 2013. SentinelOne has been a hot startup for venture backers, drawing around $700 million in private funding of which a majority was raised just in the past two years. The Mountain View

Carmaker Volvo To Go Fully Electric By 2030

The latest global automaker to commit to transitioning to a fully-electric production output in the future is Swedish carmaker Volvo, which has announced plans to become a fully electric car company by 2030. By then, the company says it intends to have phased out any car in its portfolio with an internal combustion engine, including hybrids, and transition to producing fully electric cars. The announcement of Volvo's grand plan comes a year after the company launched its first fully electric car, the XC40 Recharge , around the globe, and with just one fully electric car in its product portfolio now, it's apparent that the automaker would need to put in hard work to achieve a fully-electric portfolio in nine years time. To work towards its goal, Volvo has announced that it'll roll out 'several' additional electric car models in the coming years, the word several making the number indistinct. The Swedish automaker is aiming for fully electric cars to make up half of

Velodyne Lidar's Founder Ousted, Fights Back

Velodyne Lidar, the leading maker of lidars for autonomous vehicles in the US, is in the midst of a leadership tussle that's seen its founder and biggest shareholder David Hall pushed out from his position of Chairman at the company along with his wife Marta Hall who held the position of Chief Marketing Officer at Velodyne. David and Marta Hall were pushed out from Velodyne after a board investigation that brought accusations of the couple behaving "inappropriately" and acting without "respect, honesty, integrity and candor” when interacting with other officers and directors at Velodyne as claimed by the company's board. As they were pushed out, Velodyne named a new Chairman and another new board director. In response to his ouster, Velodyne founder David Hall put out a press statement  accusing his company of staging a "boardroom ambush" to reprimand him and his wife "based on an opaque, secret investigation into baseless, unfounded claims".

2020: DraftKings Reports Strong Revenue Growth

DraftKings, a popular sports betting site in the US, has reported its earnings results for what's its first fiscal year as a publicly-traded company after going public through a merger with a special-purpose acquisition company (SPAC) last year. It reported $322 million in 2020 revenue, up 98% from the previous year. DraftKings' annual revenue soared high in 2020 compared to the past year as it capitalized on a stronger betting market spurred by the legalization of online sports betting in more American states for growth. The company also did well getting new customers in existing legalized sports betting markets in the US. For example, the state of Tennessee formally legalized mobile and online sports betting on the 1st of November, 2020 and saw DraftKings immediately swoop into the market. In just the first two months operating in the state, DraftKings processed over $300 million in bets, its earnings report noted. In 2021, DraftKings held successful launches in the states of

Smart TV Maker Vizio Files To Go Public

Vizio, a well-known maker of smart TVs and other complementary equipment such as soundbars, has filed an S-1 with the US Securities and Exchange Commission (SEC) for a public listing, seeking to do so for the second time after having previously filed to go public in 2015 but later withdrew its plan in lieu of a $2 billion sale agreement to a Chinese company that unfortunately didn't pan out. The market for technology IPOs has been very hot as of late and it seems that Vizio is coming in at the right time to capitalize on that hotness. A popular maker of smart TVs, Vizio has sold over 80 million TVs and 11 million soundbars since the company's inception, as indicated in its S-1 filing. The company sold 7.1 million TVs in 2020 alone. Vizio has strong revenues and is profitable, reporting $102 million in net income on over $2 billion in revenue in 2020. In the previous year, 2019, Vizio reported a net income of $23 million on $1.8 billion in revenue. Most of Vizio's revenue c