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.
📍 Aftermath
Uber-backed Lime went public on the Nasdaq with a valuation of $1.7 billion. The company raised $167 million in its IPO, with shares opening at $27.
Following the debut, shares in the scooter company climbed.
Epilogue added 43d ago, after coverage quieted.
Sources (7)
- Lime, the scooter company that took over SF, goes public The San Francisco Standard · 45d ago
- Uber-backed Lime rides IPO wave to $1.7 billion valuation in Nasdaq debut Reuters · 45d ago
- Lime Announces Pricing of Initial Public Offering Business Wire · 45d ago
- Uber-backed Lime raises $167 million in US IPO Reuters · 45d ago
- Shares in Uber-backed Lime climb after it raised $167mn in IPO Financial Times · 45d ago
- Lime opens at $27 a share; IPO happened at the 'right moment,' CEO says Yahoo Finance · 45d ago
- Lime begins life as a public company after years of uncertainty TechCrunch · 45d ago broke it first
The story so far
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 45d ago.
The obvious questions
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.
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