Smart security camera maker and app provider Arlo Technology's ( ARLO ) customers are more interested in watching live streams from their front door monitors than scoring dates on Tinder, listening to music or playing match puzzles.
According to Arlo's SEC filing, its app has a 37% engagement rate, compared to 35% for Tinder, 35% for Spotify and 29% for Candy Crush.
The maker of high-end cloud-connected indoor/outdoor security cameras, lights and baby monitors priced August 2 at $16, raising $163 million and closing up 38% to $22.10 on its first day of trading on Friday.
Here are two other things to know about Arlo.
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The article Millennials Prefer Home Security Over Dating originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.