LIME SEEKS $180.9M IN IPO BACKED BY UBER

The micromobility firm and its shareholders filed for the IPO in the US market. Lime operates in hundreds of cities globally, providing on-demand electric bike and scooter rentals through its mobile app. Uber has maintained a significant stake in the company since its early investments. The IPO represents a major liquidity event for Lime's investors and marks another step in the company's growth trajectory. The micromobility sector has faced scrutiny over safety, regulations, and profitability. Lime's IPO follows increased interest from institutional investors in sustainable transportation solutions and last-mile mobility alternatives. The exact pricing and offering details remain subject to market conditions and regulatory approval. The offering underscores continued investor appetite for transportation technology platforms, particularly those addressing urban mobility challenges.