Lime Advances IPO Plans; Uber Set for Payday and Considers Doubling Down
Electric bike and scooter company Lime is advancing its IPO plans, seeking to raise $181 million at a valuation of $1.8 billion. Uber, as Lime's largest shareholder, is set for a significant payday from the IPO and is reportedly interested in increasing its investment in the scooter service.
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Uber-Backed Electric Bike Firm Lime Seeks $180.9 Million in IPO - Bloomberg.com
Uber-Backed Electric Bike Firm Lime Seeks $180.9 Million in IPO Bloomberg.com
Read full article →Uber is set for a payday from Lime's IPO — and is interested in doubling down on the scooter bet
Uber is the largest shareholder in Lime heading into its IPO. Bloomberg/Getty Images Uber is the largest shareholder in scooter rental service Lime. Lime filed a prospectus on Monday detailing plans for an IPO, targeting a price of $24 to $26 per share. Uber also has an option to double down on its investment, according to the filing. Uber has a lot riding on scooters. The ride-hailing company, which was an early investor in scooter rental business Lime, is the company's largest shareholder...
Read full article →Lime advances IPO plans with Uber expected to be an anchor investor
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