Note: Life360, Inc. describes this offering as its U.S. initial public offering (IPO). However, Life360’s CHESS Depositary Interests (“CDIs”) will remain listed on the Australian Securities Exchange, the company says. For that reason, IPOScoop regards the company’s “U.S. IPO” as a NASDAQ uplisting.

Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small.

The Company intends to use the net proceeds it receives from the proposed offering to increase its capitalization and financial flexibility, to create a public market for its common stock in the United States and for general corporate purposes, including working capital, operating expenses and capital expenditures.

The Company, with headquarters in the San Francisco area and pre-existing SEC reporting obligations, views the Offering and increased exposure to U.S. investors as a natural next-step in its growth. The Company’s CHESS Depositary Interests (“CDIs”) (representing underlying shares of common stock on a 3 CDIs-for-1 share of common stock basis) will remain listed on the Australian Securities Exchange.

Note: Net loss and revenue figures are for the year that ended Dec. 31, 2023.

(Note: Life360, Inc. priced its U.S. IPO of 5.75 million shares at U.S.$27.00 to raise $155.25 million, the company announced on Thursday, June 6, 2024. The stock is expected to start trading on Thursday, June 6, on the NASDAQ. Note: IPOScoop views this “U.S. IPO” as a NASDAQ uplisting; the company’s stock is represented by CHESS Depositary Interests (“CDIs”) that trade on the Australian Securities Exchange. Background: Life360, Inc. launched what it calls its U.S. IPO of 5.75 million shares at an as-converted IPO price of US$30.43 to raise $175.0 million on June 3, 2024, according to a press release. Of the 5.75 million shares in the U.S. IPO, Life360 is offering 3.29 million shares (3,286,231 shares) and the selling stockholders are offering 2.46 million shares (2,463,769 shares). The company said in its June 3, 2024, press release: “In order to facilitate additional liquidity for a U.S. listing while minimizing dilution for existing stockholders, the Offering includes a secondary component whereby certain stockholders will sell a portion of their security holdings.” )