Netgear to Separate Its Arlo Security Camera Business

Netgear has announced that its Board of Directors has approved plans to separate its Arlo security camera business. The separation will happen through an initial public offering (IPO) of newly issued shares of Arlo Technologies.

NETGEAR expects Arlo to issue less than 20% of its common stock in the IPO, with NETGEAR to retain the remaining interest. NETGEAR expects Arlo to confidentially submit a draft registration statement with the Securities and Exchange Commission (SEC) in the first half of 2018, with the IPO expected to be completed in the second half of 2018.

The company intends to distribute shares of Arlo to NETGEAR stockholders in a manner generally intended to qualify as tax-free for U.S. federal income tax purposes.





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