** Family safety app Life360's LIF.O shares rise 2.8% to $62.83
** LIF announces pricing of upsized offering of $275 million of convertible bonds due 2030 in private offering
** Offering boosted from initial size of $250 million of convertible bonds
** Stock closed down 3.8% on Monday after LIF unveiled convertible debt deal
** Initial conversion price of $80.97 per share represents 32.5% upside to stock's last close
** LIF plans to use portion of proceeds for general purposes, which may include acquisitions or investments
** Co has 76.5 million outstanding shares for $4.68 billion market cap, per LSEG
** All 6 brokerages covering stock rate "buy" or higher; median PT $56 - data compiled by LSEG
** As of last close, LIF stock up 48.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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