Family Location-Sharing App Life360 Eyes Nasdaq Listing

Published on May 14, 2024

Leading family location-based service Life360 said it has revived Nasdaq plans for a U.S. initial public offering (IPO) to raise up to US$100 million (A$151 million), but has yet to determine the number of shares and price range for the listing. The location-sharing app announced the S-3 filing after securing investor support recently, after it said would enable ads on its platform to generate additional revenue. The San Francisco-based, ASX-listed company considered a dual Nasdaq listing in 2021 but ultimately decided against it due to dwindling tech stocks brought about by rising interest rates. Life360 believes reviving this long-shelved plan would increase its investor base in the U.S. with CEO and co-founder Chris Hulls saying it’s about time to take the next step in stimulating the company’s growth....

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