Shares of Lime, the world's largest electric scooter and bike-sharing operator, surged 8% on their first day of trading on US markets.
The strong debut followed an initial public offering that raised $174 million, marking a significant milestone for the micromobility sector.
The price action suggests investors are willing to overlook the company's history of losses in favor of its dominant market position and expansion potential.
Lime operates in numerous cities across Europe and North America, including a notable presence in Switzerland and major hubs like Budapest.
The successful listing provides the company with fresh capital to fund further growth and operational scaling.
This move comes as the broader micromobility industry seeks to prove its long-term viability beyond the initial hype cycle of the early 2020s.