👉 Background: Life360 is the ‘family social networking app’ that was launched back in 2009 and listed on the ASX in 2019. After Life360 bought Tile for a cool $205 million, they're pretty much tracking anything that does or does not move.

👉 What happened: In May, the CEO announced that Life360 plans to list on the Nasdaq in the coming months. And there was no messing around because Life360's life on the Nasdaq is officially underway.

👉 What else: Life360 plans to raise no more than $100 million USD as part of this listing which is already oversubscribed. Supposedly the dual listing is about getting ‘increased exposure’ to major investors in the US.

What's the key learning?

💡A dual-listing is when a company lists itself on multiple stock exchanges. It can provide companies with a broader range of investors if it needs to raise capital. Also, it allows for more trading hours if the exchanges are open at different times.

💡 While dual listings aren't common, they also aren't super-uncommon. For example, when Afterpay was acquired by Block, Block did a dual-listing on the ASX (with its existing NYSE listing). Other companies like BHP and Rio Tinto also have dual-listings.

💡 Life360’s CEO reckons that Australian shareholders don’t value the growth that Life360 has ahead of it. Interestingly, ASX-listed tech companies like WiseTech, Pro Medicus and Xero, all trade at a premium to their US counterparts so it will be interesting to see how it tracks in the US.