Lime, Backed by Uber (UBER), Seeking Valuation of Up to $1.66 Billion in U.S. IPO
Key takeaways
- Lime, Backed by Uber (UBER), Seeking Valuation of Up to $1.66 Billion in U.S.
- It further reported that the robotaxis will employ AI technology from the British startup Wayve and will drive themselves around the city's streets.
- (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services.
Lime, Backed by Uber (UBER), Seeking Valuation of Up to $1.66 Billion in U.S. IPO Noor Ul Ain Rehman Sun, June 28, 2026 at 1:36 AM GMT+7 2 min read UBER Uber Technologies, Inc. (NYSE:UBER) is one of the safe stocks for beginners to buy in 2026. Reuters reported on June 22 that Lime, backed by Uber Technologies, Inc. (NYSE:UBER), is seeking a valuation of up to $1.66 billion in its U.S. IPO as it looks to capitalize on improving investor appetite for new listings. It further reported that a rebound has been observed in the IPO market, which was caused by the volatility due to the Iran war, and many hopeful issuers are pushing ahead "with their plans to go public as strong equity markets and blockbuster IPOs shore up investor demand". Reuters added that some selling shareholders are looking to sell about 6.96 million shares in total, which are priced between $24 and $26 apiece, aiming to raise up to $181.9 million.
In a separate development, Reuters reported on June 8 that Uber Technologies, Inc.'s (NYSE:UBER) users can sign up for a chance to ride in the first robotaxis in London as soon as the go-ahead is achieved from regulatory authorities for the launch, which is expected to arrive in the coming months. It further reported that the robotaxis will employ AI technology from the British startup Wayve and will drive themselves around the city's streets. However, they will initially have trained operators behind the wheel to monitor the system.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company's operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.