Mentioned:
One of the fastest growing mobility companies in America is preparing to make their Wall Street debut.
What’s happening:
- Electric scooter company Lime has officially filed a Form S-1 with the United States Securities and Exchange Commission to become a publicly traded company on the Nasdaq
By the numbers:
- Lime will raise an IPO financing round of up to $180M USD at a price between $24.00 USD and $26.00 USD per share
- The new IPO financing round will give Lime a valuation of roughly more than $1.5B USD
Why it matters:
- Uber (NYSE: UBER) is one of the single largest investors in Lime and owns more than 10% of the entire company
Going deeper:
- Lime currently operates in more than 200 cities globally and has approximately 3.8M monthly active users
- Lime has landed some of the most important venture capital investors in the world as early backers, including a16z, Google (NASDAQ: GOOG), Bain Capital, Fidelity Investments and Abu Dhabi’s sovereign wealth fund Mubadala
