Timing is everything in financial markets. And those who piled into San Francisco-based (but ASX-listed) family tracking app Life360 at its last capital raise must be livid at theirs.
They paid no less than $12 a pop to help the company secure $280 million in late November, a mere five weeks before the end of the company’s full-year. Almost all that money went to the owners of Tile, a complementary company Life360 acquired.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
