Lime, the electric scooter and bike-sharing company backed by Uber, has priced its initial public offering at $25 per share.
The valuation sits at the midpoint of the marketed range, according to Bloomberg News, which cited a person familiar with the matter.
The pricing decision suggests that institutional demand was sufficient to support the offer but not strong enough to push the price toward the top of the range.
In a market where tech IPOs have seen mixed reception, a midpoint pricing often reflects a cautious balance between raising capital and ensuring a stable debut for early investors.
Lime did not immediately respond to requests for comment.
The company has been working to scale its profitability amid intense competition in the urban mobility space and fluctuating regulatory environments across major U.S. cities.