The electric scooter and bike operator raised $167 million in its U.S. listing, opened at $27, and was valued at about $1.73 billion, highlighting investor interest in urban mobility despite uneven sector performance.
Uber-backed Lime priced its initial public offering at $25 per share, matching the midpoint of its expected range, and then rose 8% in its Nasdaq debut on Wednesday. The U.S. IPO raised $167 million and implied a valuation of about $1.73 billion, with the shares opening at $27, suggesting early investor demand for the electric scooter and bike operator and continued interest in sustainable urban mobility even as some competitors have struggled.