Vizio today filed its S-1 with the US Securities and Exchange Commission as the TV and soundbar maker heads toward an initial public offering. “We envision the Vizio smart TV as the center of the connected home — where families play games together, where friends watch movies together, where work and learning happen, and where all things in between take place,” Vizio founder, chairman, and CEO William Wang wrote in a letter that opens the S-1. “Going public is an important milestone for us as we continue to grow and execute our goals.”

The filing reveals that Vizio has sold over 80 million TVs and 11 million soundbars since the company’s founding. It sold 7.1 million TVs in 2020. Vizio’s TVs have long delivered performance and picture quality far above their price, though in recent years competitors like TCL have tried to outdo the company in this regard. “We will continue our successful hardware business, iterating on models as we’ve done before, and at the same time build our name in smart TV software,” Wang said.

The S-1 begins with Wang recounting his surviving a plane crash. “I ran to the front of the plane, forced open the emergency door and jumped out,” he said. “I’ll save you the messy details, but let’s just say that I am beyond thankful to be here today, writing you this letter.” According to Wang, his renewed appreciation of being home — and a desire to make it “everyone’s favorite place” — led to Vizio’s creation.

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