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Uber-Backed Lime Raises $174 Million in Public Debut

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EElectricBuzz Editorial Team
Uber-Backed Lime Raises $174 Million in Public Debut
1 min read65 wordsElectricBuzz Editorial Team

The Gist

“Lime secures $174 million in its IPO with shares priced at the midpoint of the expected range. The company is eyeing mergers and acquisitions while maintaining strict deal criteria.”

Lime, the electric scooter and bike rental company backed by Uber, raised $174 million in its initial public offering. The shares were priced at the midpoint of the expected range, signaling strong market interest.

Alongside the IPO, Lime is exploring mergers and acquisitions to expand its business. The company maintains a high bar for potential deals, focusing on strategic fits that align with its goals.

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