Lime Raises $167M in IPO to Address $1 Billion in Liabilities

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Lime, the scooter and bike-share company, has completed an IPO raising $167 million. The nine-year-old firm had been signaling a public market debut for several years before finally following through. The company stated that the funds are needed to help reduce its approximately $1 billion in outstanding liabilities. The listing marks a significant financial milestone for one of the most recognized names in shared micromobility.

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