computer-science
Lime begins life as a public company after years of uncertainty
Key takeaways
- Micromobility company Lime has raised $167 million in its IPO, ending an almost decade-long run as a private company that saw wild valuation swings as it navigated multiple major hype cycles and a global pandemic.
- The nine-year-old scooter and bike company, which is backed by Uber, sold 6.68 million shares at $25 each, at the mid-point of its $24 to $26 price range.
- The long-awaited IPO pegs Lime s valuation at around $1.66 billion, just shy of the price fellow micromobility company Bird got when it merged with a special purpose acquisition company in 2021.
Micromobility company Lime has raised $167 million in its IPO, ending an almost decade-long run as a private company that saw wild valuation swings as it navigated multiple major hype cycles and a global pandemic.
The nine-year-old scooter and bike company, which is backed by Uber, sold 6.68 million shares at $25 each, at the mid-point of its $24 to $26 price range. Shares started trading on the Nasdaq stock exchange under the ticker LIME on Wednesday afternoon, jumping around 9% in the first hour.
The long-awaited IPO pegs Lime s valuation at around $1.66 billion, just shy of the price fellow micromobility company Bird got when it merged with a special purpose acquisition company in 2021.
Article preview — originally published by TechCrunch. Full story at the source.
Read full story on TechCrunch →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from TechCrunch alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop