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Uber-backed Lime's shares rise in Nasdaq debut

IPOs & SPACsCompany FundamentalsTransportation & Logistics
Uber-backed Lime's shares rise in Nasdaq debut

Lime shares jumped 8% in their Nasdaq debut after the company raised $167 million in its U.S. IPO, valuing the electric scooter and bike operator at about $1.73 billion. The positive pricing reaction suggests strong investor appetite for the listing.

Analysis

Lime shares jumped 8% in their Nasdaq debut after the company raised $167 million in its U.S. IPO, valuing the electric scooter and bike operator at about $1.73 billion. The positive pricing reaction suggests strong investor appetite for the listing.

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Market Sentiment

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strongly positive

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UBER0.55

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