Lime raises $167M in IPO after years of teasing a public debut

Micromobility company Lime has raised $167 million in its IPO.

The nine-year-old scooter and bike company, which is backed by Uber, sold 6.68 million shares at $25 each, at the mid-point of its $24 to $26 price range. Shares started trading on the Nasdaq stock exchange under the ticker “LIME” on Wednesday afternoon, jumping around 9% in the first hour.