Life360 bringing gains for the whole family - up almost 15%

Life360.png

It looks like investors have jumped at the opportunity to buy in to US software company Life360 today as trading kicked off at noon.

Life360 (ASX:360), who provide a “location-based services application for consumers globally to track their contacts” and an “integrated driver-protect service that contacts emergency services” were established in 2018 and have grown rapidly since. It’s an interesting platform and it’s not hard to see why it’s popular in the US in particular.

The $4.79 ask during the IPO certainly raised some eyebrows, but the market has responded well with prices peaking at $5.49 so far today.

Funds from the IPO will simply go back into increasing the companies user base and general growth initiatives, fingers crossed they can continue on the current trajectory.