Life360 Prices US IPO at $27 per Share-February 2024-www.financetom.com

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Life360 Prices US IPO at $27 per Share

Jun 6, 2024 1:52 AM

04:42 AM EDT, 06/06/2024 (MT Newswires) -- Life360, Inc. (LIF) said Thursday that it priced its initial public offering in the US of about 5.8 million shares of its common stock at $27 per share.

About 3.7 million shares are being offered by the company and about 2.1 million shares are being offered by selling securityholders.

The shares are expected to start trading on the Nasdaq Global Select Market under the ticker symbol "LIF" on Thursday. The offering is expected to close on Friday.

The selling securityholders have also granted the underwriters a 30-day option to buy up to an additional 862,500 shares of common stock.

The company said it plans to use the net proceeds it receives from the IPO to increase its capitalization and financial flexibility, to create a public market for its common stock in the US and for general corporate purposes.

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