Arlo Technologies, the intelligent security camera maker being spun out of Netgear, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The San Jose, CA-based company launched its first product in 2014 and booked $409 million in sales for the 12 months ended March 31, 2018. It plans to list on the NYSE under the symbol ARLO. BofA Merrill Lynch, Deutsche Bank and Guggenheim Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
