Updated
Updated · Bloomberg · Jun 22
Lime Seeks $180.9 Million in US IPO at $24-$26 a Share
Updated
Updated · Bloomberg · Jun 22

Lime Seeks $180.9 Million in US IPO at $24-$26 a Share

1 articles · Updated · Bloomberg · Jun 22

Summary

  • 6.7 million shares are being marketed by Lime at $24 to $26 each, setting up a US IPO that could raise as much as $180.9 million.
  • Neutron Holdings Inc., the electric bike and scooter rental company backed by Uber Technologies, is leading the sale, with shareholders adding 276,731 shares.
  • Wayne Ting, Joseph Kraus and co-founder Brad Bao are among the selling shareholders, indicating the offering will include both company-issued and insider-held stock.

Insights

Will Lime’s IPO prove micromobility is a sustainable business or just another tech bubble waiting to burst?
With its chairman in a crypto scandal, can Lime's IPO save it from a billion-dollar debt crisis?