One of Life360’s long-term investors has questioned plans to pursue an initial public offering on the Nasdaq, arguing the benefits of a dual listing could be “illusory”.
QVG Capital portfolio manager Chris Prunty said the $3.1 billion San Francisco-based company, which listed on the ASX in 2019, may struggle to reach a similar market capitalisation in the crowded US public market.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
