The ADT, BMW and Duchossois Group-backed family tracking platform is reportedly looking at Australia for an initial public offering that could value it at $675m.

Life360, the US-based family-tracking technology provider backed by corporates ADT, BMW and Duchossois Group, is considering an initial public offering in Australia, Reuters reported today.

The company has made overtures to investors concerning an offering on the Sydney Stock Exchange expected to raise $100m and value it at $675m, fund managers told Reuters.

Founded in 2008, Life360 has developed a mobile app that allows family members to track and communicate with each other. Users can locate each other on a…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.