Uber-backed Lime targets $180.9 million in US IPO

Lime, the electric scooter and bike rental company backed by Uber Technologies, plans to raise up to $180.9 million in its initial public offering (IPO) in the United States. According to Reuters, the company aims to finance its growth strategy with this move. Lime's IPO filing became clear after the company set its share price range. The company aims to sell shares within a specific price range to raise approximately $180.9 million in total. This step is seen as part of Lime's efforts to strengthen its position in the micromobility sector. Uber stands out as one of Lime's largest investors. The collaboration between the two companies allows Lime to expand its operational network and reach users through Uber's platform. If the IPO is successful, Lime's valuation is expected to increase significantly. Lime's IPO comes amid increasing competition in the micromobility sector. The company plans to use the funds raised to enter new markets, increase fleet capacity, and improve its technological infrastructure. In this process, Lime is noted to have taken a significant step toward achieving its profitability targets. This is not investment advice.