Street Talk

Life360 launches Nasdaq IPO, terms sent to investors

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 3, 2024 – 9.41pm

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Life360, the creator of a popular family-tracking app, has wasted no time in executing plans to dual-list on the Nasdaq, launching its initial public offering on Monday.

According to terms sent to investors by lead left bookrunner Goldman Sachs, the San Francisco-based, ASX-listed company is selling 5.75 million shares alongside an over-allotment option of 862,500 shares, also known as a “greenshoe.”

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.