The Uber-backed micromobility company is pushing ahead with its Nasdaq debut as investor appetite for new listings continues to strengthen.
Lime is preparing to go public in the United States, aiming for a valuation of up to $1.66 billion in its initial public offering (IPO). The move highlights growing confidence in equity markets as companies return to public listings following recent geopolitical volatility.
KEY DETAILS
The electric bike and scooter rental company, backed by Uber, plans to sell around 6.96 million shares alongside certain existing shareholders. The shares are expected to be priced between $24 and $26 each.
Founded in 2017, Lime operates short-term electric bike and scooter rental services across roughly 230 cities in 29 countries. The San Francisco-based company is led by CEO Wayne Ting, a former Uber executive.
Lime filed for its IPO last month and has applied to list on the Nasdaq under the ticker symbol "LIME."
Major Wall Street firms, including Goldman Sachs, J.P. Morgan, and Jefferies, are serving as underwriters for the offering.
MARKET REACTION
Lime's IPO plans add to signs that the U.S. market for new listings is regaining momentum. Investor demand has improved as stock markets remain strong, and several recent IPOs have delivered solid performances.
The announcement could draw attention to growth-focused technology and mobility companies seeking public market funding.
WHY IT MATTERS
For traders and investors, Lime's listing is another signal that risk appetite is returning to equity markets. A healthy IPO pipeline often reflects stronger market confidence and can create new opportunities across stocks and related sectors.
Market participants will now watch investor demand during Lime's roadshow and final pricing process. A successful debut could encourage more private companies to move forward with public listings in the months ahead.
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Source: Reuters
Time: 3:30 PM EEST
