San Francisco area-based Life360, Inc., a family connection and safety company, has announced the pricing of its initial public offering in the US of 5,750,000 shares of its common stock, with 3,703,704 shares of common stock being offered by Life360 and 2,046,296 shares of common stock being offered by the selling securityholders named in the prospectus (Selling Securityholders), at an initial public offering price of US$27.00 per share. Life360 will not receive any of the proceeds from the sale of the shares by the Selling Securityholders. The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “LIF” on Thursday, June 6, 2024. In addition, the Selling Securityholders have granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on June 7, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partners Keith Halverstam and Peter Labonski, with associates Danny Shulman, Adam Weber, and Tess Winston. Advice was also provided on regulatory matters by New York partner Gail Neely; on data privacy and cybersecurity matters by Washington, D.C. partner Jennifer Archie and London partner Gail Crawford, with associates Gabriela Aroca Montaner, Victoria Wan, and Ben Leigh; on tax matters by New York partner Jiyeon Lee Lim, with associate Michael Syku; on employee benefits matters by New York partner Bradd Williamson, with associate Daniel Gocek; and on intellectual property matters by New York partner Jeff Tochner.