Netgear’s Arlo security camera spinoff files for IPO

Netgear’s Arlo security camera spinoff files for IPO

6 years ago
Anonymous $cyhBy-qkd5

https://techcrunch.com/2018/07/06/netgears-arlo-security-camera-spinoff-files-for-ipo/

Netgear’s Arlo wing has been a surprise hit for the networking company. The line of cameras are relatively new to the market, but they’ve utterly dominated the connected security space, breathing new life into the company in the process.

Back in February, Netgear spun off Arlo, courtesy of unanimous board approval and announced plans to file an IPO in the process. That bit came to fruition this week, as the company filed an S-1 form with the U.S. Securities and Exchange Commission. The security camera company has also applied for the “ARLO” ticker symbol with the New York Stock Exchange. Makes sense.