Uber holds majority stake in Lime ahead of planned initial public offering
Lime has filed for an IPO with a target valuation of $1.8 billion, while its largest shareholder, Uber, plans to increase its investment in the scooter-sharing sector. The company is targeting a share price between $24 and $26 per share.
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Lime has filed plans for an initial public offering, seeking a valuation of approximately $1.8 billion according to reports from Yahoo Finance. The scooter-sharing firm is targeting a share price between $24 and $26 as it moves toward becoming a publicly traded entity.
Uber currently holds the largest stake in Lime, with a 24% ownership interest reported by Business Insider. Following the upcoming IPO, Uber has expressed an intent to increase its investment in the scooter-sharing segment.
The filing details the company's valuation and price targets as it prepares for its transition to public markets. According to reports from Business Insider, the listing provides a framework for Uber to expand its presence in the micro-mobility market. The move highlights the ongoing partnership between the two transportation providers.