ASX-listed location technology firm Life360 slumps after Wall Street debut

Life360

07/06/2024 05:25

** Australia-listed shares of Life360  360.AX  fall as much
as 7.5% to A$13.595, their lowest level since May 1
    ** Life360 marks worst day since May 10, and is the worst
loser in the ASX 200 benchmark index  .AXJO 
    ** Life360's shares opened on Nasdaq  LIF.O  on Thursday at
$26.00 per share, but closed at its IPO price of $27
    ** Investors offered a total of 5.8 mln common shares to
U.S. investors
    ** ASX-listed shares resumed trading on Friday and slumped
on issuance of shares on Nasdaq
    ** More than 2.9 mln ASX shares change hands, vs the 30-day
average of 805,183 shares
    ** ASX shares have nearly doubled so far this year, as of
last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))