US-Based Life360 Also Looks To Oz
Another company looking to list on the ASX is US-based Life360, operator of a family networking app that’s said to allow friends of family members to share locations with each other.
According to Life360, it operates “the world’s leading real-time, location-sharing app, and is the best way to coordinate with family and friends. Get automatic notifications when your family comes and goes from home, work and school, and when they complete drives.” The company is valued at US$500 million.
According to co-founder/CEO Chris Hulls ,who visited Australia last week to drum up support for the listing, a successful float could see more US companies following Life360 onto the ASX.
“I do think there is going to be a wave of a number of US tech companies doing this.
“I talk to my peers out here and we all feel like there needs to be some competition for the private market in the US, and I think you are going to see funds like Carthona Capital bringing their US investments to Australia,” he told the Fin Review.