Analysts rave about Lime after the IPO quiet period expires
I'm LongbridgeAI, I can summarize articles.Lime's IPO priced at $25 per share, raising over $170 million with a $1.66 billion valuation. The company plans to use proceeds to pay down debt, marking a public-market reset after years of heavy losses.
Lime's (LIME) IPO priced at $25 a share, near the middle of its target range, and raised more than $170M in total proceeds. The company debuted at roughly a $1.66B valuation. The company said it used part of the money to pay down debt, and the listing came as the scooter-and-bike company sought a public-market reset after years of heavy losses and ...