#lime Tech News.
5 stories in the last 7 days
The latest lime news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks lime across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Lime, backed by Uber, is targeting a valuation of up to $1.66 billion in its US initial public offering. The electric scooter and bike company filed for the IPO to raise capital and provide liquidity for investors. The valuation reflects Lime's market position in the shared micromobility sector.
Lime set IPO terms at $24 to $26 per share, seeking up to $180.9 million. Uber, which already owns over 10 percent of the scooter firm, will act as anchor investor. Lime shares will trade on Nasdaq under ticker LIME, targeting a valuation near $1.7 billion.
Lime launched its IPO roadshow, seeking up to $181 million at a $1.8 billion valuation. The e-scooter and e-bike rental company is offering shares at $24 to $26 each. Uber indicated interest in buying up to $20 million worth of shares.
Lime is raising up to $180.9 million in its US IPO by offering 6.7 million shares priced between $24 and $26 each. The electric bike rental company could achieve a valuation of up to $1.7 billion.
Lime plans to name Uber as an anchor investor in its upcoming initial public offering. The arrangement would have Uber purchase a significant stake in the electric scooter company as part of the IPO process.
Summaries by ByteBrief