Lime, the electric scooter and bike-sharing company with significant backing from Uber, has successfully raised $167 million in its initial public offering on US markets.
The transaction marks another entry in a growing cohort of companies capitalizing on a renewed appetite for new equity listings.
The shares were priced at $25 each, a level that sits at the midpoint of the marketed range.
The shares were priced at $25 each, a level that sits at the midpoint of the marketed range.
This pricing suggests balanced demand from institutional and retail investors, avoiding the oversubscription premiums seen in some recent tech debuts while securing the full capital raise.
The move provides Lime with fresh capital to expand its fleet and operational footprint, particularly in key European markets where it maintains a strong presence.
The successful debut underscores a broader trend in the US IPO market, which has seen a revival in activity after a period of relative quiet.