Life360, backed by ADT, BMW and Duchossois Group, plans to go public in Australia next month after pricing its shares for a company valuation of $494m.
Life360, the US-based family-tracking technology provider backed by corporates ADT, BMW and Duchossois Group, is set to raise approximately $104m in an initial public offering in Australia.
The company plans to issue approximately 30 million shares priced at A$4.79 ($3.43) each and will achieve a valuation of $494m when it goes public on the Australian Stock Exchange on May 10.
The flotation would represent the exchange’s largest since management software provider Bravura Solutions raised $111m in 2016, Reuters reported, citing…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
