ADT, BMW and Duchossois Group have achieved exits after people-tracking app developer Life360 became one of the few US-based companies to float in Australia.

Life360, the US-based family-tracking technology provider backed by corporates ADT, BMW and Duchossois Group, has raised more than A$145m ($105m) in its initial public offering. Life360 issued 23.5 million chess depositary interests (CDIs) – with three CDIs representing one share – on the Australian Securities Exchange, priced at $3.46 each to raise $81.5m. Certain existing…

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