Life360's Note Offering Could Herald M&A -- Market Talk

Dow Jones

Jun 03, 2025

2349 GMT - Life360's intention to raise at least US$250 million through the offer of convertible notes could be viewed as a precursor to forthcoming M&A activity, RBC Capital Markets analyst Wei-Weng Chen says. Chen points out in a note to clients that the location-app developer doesn't appear to need cash to fund ongoing operations, with US$169 million in cash and cash equivalents at March 31. It is also guiding for 2025 Ebitda of US$65 million-US$75 million, he adds. Life360 says it will use the funds for general corporate purposes, which could include acquisitions or strategic investments. RBC has a last-published outperform rating and A$30.00 target price on the stock, which is at A$33.14 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 02, 2025 19:49 ET (23:49 GMT)

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Chen points out in a note to clients that the location-app developer doesn't appear to need cash to fund ongoing operations, with US$169 million in cash and cash equivalents at March 31. It is also guiding for 2025 Ebitda of US$65 million-US$75 million, he adds. Life360 says it will use the funds for general corporate purposes, which could include acquisitions or strategic investments. RBC has a last-published outperform rating and A$30.00 target price on the stock, which is at A$33.14 ahead of the open. 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Chen points out in a note to clients that the location-app developer doesn't appear to need cash to fund ongoing operations, with US$169 million in cash and cash equivalents at March 31. It is also guiding for 2025 Ebitda of US$65 million-US$75 million, he adds. Life360 says it will use the funds for general corporate purposes, which could include acquisitions or strategic investments. RBC has a last-published outperform rating and A$30.00 target price on the stock, which is at A$33.14 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2025 19:49 ET (23:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4613","symbol_name":"AI应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2540571159","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540571159","pubTimestamp":1748908140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2349 GMT - Life360's intention to raise at least US$250 million through the offer of convertible notes could be viewed as a precursor to forthcoming M&A activity, RBC Capital Markets analyst Wei-Weng Chen says. Chen points out in a note to clients that the location-app developer doesn't appear to need cash to fund ongoing operations, with US$169 million in cash and cash equivalents at March 31. It is also guiding for 2025 Ebitda of US$65 million-US$75 million, he adds. Life360 says it will use the funds for general corporate purposes, which could include acquisitions or strategic investments. RBC has a last-published outperform rating and A$30.00 target price on the stock, which is at A$33.14 ahead of the open. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4613":"AI应用软件","BK4023":"应用软件","LIF":"Life360 Inc"},"translate_title":"Life360的票据发行可能预示着并购——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LIF":1},"content_text":"2349 GMT - Life360's intention to raise at least US$250 million through the offer of convertible notes could be viewed as a precursor to forthcoming M&A activity, RBC Capital Markets analyst Wei-Weng Chen says. Chen points out in a note to clients that the location-app developer doesn't appear to need cash to fund ongoing operations, with US$169 million in cash and cash equivalents at March 31. It is also guiding for 2025 Ebitda of US$65 million-US$75 million, he adds. Life360 says it will use the funds for general corporate purposes, which could include acquisitions or strategic investments. RBC has a last-published outperform rating and A$30.00 target price on the stock, which is at A$33.14 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2025 19:49 ET (23:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}