Lime Electric Bike Rental Firm Gains 8% After $174 Million IPO

2 sourcesFirst reported 20 days agoUpdated 20 days ago

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Lime, an electric bike and scooter rental company, completed an initial public offering (IPO) raising $174 million.
The company's stock rose 8% following the IPO announcement.
Lime stated that it aims to utilize the funds to address approximately $1 billion in liabilities.
This IPO comes after several years of speculation regarding the company's public debut.

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All coverage (2)

Lime raises $167M in IPO after years of teasing a public debutTechCrunch · 20 days ago
Electric Bike Rental Firm Lime Rises 8% After $174 Million IPOBloomberg · 20 days ago

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AI summary: catch up in 20 seconds

Lime, an electric bike and scooter rental company, completed an initial public offering (IPO) raising $174 million.
The company's stock rose 8% following the IPO announcement.
Lime stated that it aims to utilize the funds to address approximately $1 billion in liabilities.
This IPO comes after several years of speculation regarding the company's public debut.

Generated by AI from the 2 sources below · always verify with the originals