other material
confidence high
sentiment neutral
materiality 0.80
Life360 prices US IPO of 5.75M shares at $27.00; net proceeds $83.1M
Life360, Inc.
- Offering includes 3,703,704 primary shares from Life360 and 2,046,296 secondary shares from selling stockholders.
- Company net proceeds ~$83.1M after discounts and expenses; selling stockholders receive ~$51.4M.
- Underwriters granted 30-day option to purchase up to 862,500 additional shares at $27.00.
- Shares begin trading on Nasdaq today (June 6, 2024) under ticker LIF.
- Proceeds to be used for general corporate purposes, including working capital and potential acquisitions.