Lime Seeks Up to $180.9 Million in US IPO With Uber as Anchor Investor
Lime is seeking to raise up to $180.9 million in a US initial public offering by selling 6.7 million shares at $24 to $26 each. The range would value the electric bike rental company at as much as $1.7 billion.
Uber plans to back the offering as an anchor investor, deepening a relationship that already spans ownership, distribution and financing. Earlier reports had identified Uber for that role; the IPO terms now give the planned deal a target size and valuation range.
From the sources (4 posts)
@reutersLime plans to name Uber as anchor investor in IPO, The Information reports
@reutersLime plans to name Uber as anchor investor in IPO, The Information reports
@techmemeElectric bike rental company Lime is seeking to raise up to $180.9M in its US IPO, offering 6.7M shares at $24 to $26 each, giving it an up to $1.7B valuation (@jordtwitzgerald / Bloomberg) (Visit Techmeme dot com for the link and full con
@theinformationExclusive: Uber plans to back Lime’s IPO as an anchor investor, deepening a relationship that already spans ownership, distribution and financing. The move comes as investors look for signs of confidence in smaller tech listings. More de