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Lime IPO: Scooter giant eyes $1.66B valuation
22 Jun
Summary
- Lime plans to raise funds via a US IPO targeting up to $1.66 billion.
- The company is offering shares between $24 and $26 each.
- Lime operates electric bike and scooter rentals in 230 cities globally.
Lime, the electric bike and scooter rental company, is gearing up for a significant move into the public market with plans for a U.S. initial public offering. The San Francisco-based firm, which counts Uber among its backers, is aiming for a valuation of up to $1.66 billion.
The company, legally known as Neutron Holdings, is offering approximately 6.96 million shares with a target price range of $24 to $26 per share. Lime will sell the majority of these shares, with certain selling shareholders offering a smaller portion.
Lime's operations span across roughly 230 cities in 29 countries, providing accessible short-term rentals for electric bikes and scooters. The firm, established in 2017 and led by former Uber executive Wayne Ting, has applied to be listed on the Nasdaq under the ticker symbol "LIME."
