Lime begins life as a public company after years of uncertainty
Uber-backed Lime has transitioned to a public company, raising $167 million in its initial public offering.
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The brief
Lime has officially launched its IPO, raising $167 million. The company's shares opened at $27 each, following a period described by TechCrunch as years of uncertainty.
Coverage from Reuters, Financial Times, and Yahoo Finance emphasizes the company's backing by Uber and notes that shares climbed after the offering. According to Yahoo Finance, the CEO stated that the IPO occurred at the "right moment." Market observers will be monitoring the continued performance of Lime's share price following its initial opening and the pricing announced via Business Wire.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1h ago.
Quick answers
How much did Lime raise in its IPO?
Lime raised $167 million.
What was the opening share price for Lime?
Shares opened at $27 a share.
Which major company backs Lime?
Lime is backed by Uber.
Coverage (5)
- Lime Announces Pricing of Initial Public Offering Business Wire · 4h ago
- Uber-backed Lime raises $167 million in US IPO Reuters · 4h ago
- Shares in Uber-backed Lime climb after it raised $167mn in IPO Financial Times · 4h ago
- Lime opens at $27 a share; IPO happened at the 'right moment,' CEO says Yahoo Finance · 4h ago
- Lime begins life as a public company after years of uncertainty TechCrunch · 4h ago broke it first
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