US Stocks: Uber-Backed Lime Seeks Up To $1.66 Billion Valuation In US IPO

Lime Targets $1.66 Billion Valuation in Upcoming IPO

Lime, the electric bike and scooter company, is setting its sights on a valuation of as much as $1.66 billion as it prepares for its initial public offering in the United States. The company aims to secure more than $180 million from this move, a significant step despite its history of financial losses. Lime's rapid revenue growth, paired with its international footprint, highlights its potential in the mobility sector.

With Uber as a prominent backer, the ride-hailing giant plans to acquire shares in the IPO, signaling confidence in Lime's future. However, this offering will serve as a crucial benchmark for the market's interest in the mobility industry, which continues to grapple with various regulatory and operational hurdles.