Lime, the electric scooter and bike-sharing company, has completed its initial public offering on the Nasdaq, valuing the firm at $1.6 billion.
The debut marks a significant milestone for the micro-mobility sector, which has struggled to find sustainable public-market comparables in recent years.
The offering raised $174 million, providing fresh capital for the company to expand its fleet and operations.
Shares of the company rose 8% on their first day of trading on US markets.
The offering raised $174 million, providing fresh capital for the company to expand its fleet and operations.
Uber remains the company's largest investor, maintaining a significant stake following the public listing.
The valuation reflects investor appetite for growth-stage mobility plays, despite the sector's history of volatility.