Lime IPO: Share price, trading date as Uber-backed scooter company heads for the Nasdaq
AI Summary
Lime, the Uber-backed electric scooter and bike sharing service, is finally set to go public on the Nasdaq with an IPO that aims to raise $181.9 million, potentially valuing the company at $1.8 billion. Despite its widespread presence in 230 cities and consistent revenue growth, Lime has struggled with net losses. This move signifies the company's ambition to solidify its market position and expand further, while also reflecting the broader trends in the gig economy and shared mobility sector.
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