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.
Originally reported by TechCrunch. Read the full story at the original source.
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