American Company Life360 Plans To Raise Capital Via IPO On ASX

April 23, 2019 01:01 PM BST | By Team Kalkine Media
 American Company Life360 Plans To Raise Capital Via IPO On ASX

As per the media reports, San Francisco based company Life360 plans to attract local investors via listing on ASX. Life360 as its principal activities keeps family and friends connected in good, and challenging times. Few examples could be, making dinner plans, coordinating carpools, monitoring elderly people, ensuring safe arrival of close ones aided by features like ‘panic button’ on the application.

It is available on Android and apple platforms. The company further plans to expand its portfolio into home security and home insurance products by providing new innovative solutions. Its existing investors include famous tech players such as Facebook, Samsung, and Verizon, along with insurance players such as IAG, Allstate, American Family Insurance, etc.

Currently in ASX 200, the top position is held by financial sector, followed by materials and health care as per the market capitalization. Demand for Technology companies are expected to rise with more and more people becoming technology dependent.

Few famous technology Australian stocks based on market capitalization are REA group Ltd (ASX:REA), Computershare Limited (ASX:CPU), WiseTech Global Limited (ASX:WTC), Xero Limited (ASX:XRO) among others.

Stock Information:

At the time of writing (on April 23, 2019, AEST: 4 PM) the stock of REA group Ltd was trading at $78.93 up 0.676% with the market capitalization of ~$10.33 Bn. Its current PE multiple is at 84.12x and its last EPS was noted at 0.932 AUD. Its annual dividend yield has been noted at 1.49%. Its 52-week high was at $94.12 and 52-week low at $69.23 with an average volume of 282,214. Its absolute return for 1 yr, 6 months, and 3 months are -0.73%, 5.6%, and 1.42% respectively.

The stock of Computershare Limited was trading at $17.88 up 0.449% with the market capitalization of ~$9.66 Bn. Its current PE multiple is at 17.45x and its last EPS was noted at 1.020 AUD. Its annual dividend yield has been noted at 2.36%. Its 52-week high was at $20.8 and 52-week low at $16.25 with an average volume of 1,663,261. Its absolute return for 1 yr, 6 months, and 3 months are 1.66%, -11.97%, and -2.25% respectively.

The stock of WiseTech Global was trading at $21.34 up 0.282% with the market capitalization of ~$6.71 Bn. Its current PE multiple is at 131.36x and its last EPS was noted at 0.162 AUD. Its annual dividend yield has been noted at 0.15%. Its 52-week high was at $25 and 52-week low at $9.72 with an average volume of 806,275. Its absolute return for 1 yr, 6 months, and 3 months are 95.95%, 20.43%, and 9.92% respectively.

The stock of Xero Limited was trading at $53.29 up 3.859% with the market capitalization of ~$7.23 Bn. Its 52-week high was at $53.31 and 52-week low at $35.13 with an average volume of 403,725. Its absolute return for 1 yr, 6 months, and 3 months are 42.53%, 17.07%, and 21.79% respectively.


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