Uber anchors Lime’s IPO as the scooter firm goes public
The Lime IPO has a price and an anchor investor: Uber, the ride-hailing giant that already owns a chunk of the scooter firm and is now backing its market debut.
Lime is going public, and an old backer is helping carry it across the line: Uber.
The scooter and bike-rental firm, formally Neutron Holdings, has set the terms for its float. It is seeking to raise up to $180.9mn by selling 6.7 million shares at $24 to $26 each. Existing holders, including chief executive Wayne Ting and co-founder Brad Bao, will sell a further 276,731 shares.
At the top of that range, Lime would be worth about $1.7bn. The Information reported that the company is targeting a valuation closer to $1.8bn, and a raise nearer $200mn, on a road show this week.
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