Business · 2h ago
Lime raises $167M in IPO to tackle $1B debt
Lime, the scooter and bike-share company, raised $167 million in its IPO after years of hinting at going public. The nine-year-old firm plans to use the funds to pay down around $1 billion in liabilities. The IPO comes amid ongoing challenges in the micromobility sector.
Meridian48 take
The IPO's modest size relative to debt suggests investors remain cautious about Lime's path to profitability.
ipomicromobility