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Lime Targets $174m in Nasdaq IPO
Summary by Zag
2 Articles
2 Articles
The company is listing its shares on the Nasdaq and could be worth $1.66 billion, even though it hasn't generated a single cent of after-tax profit. The question is whether it's a technology company enough in the eyes of investors.
Lime targets $174m in Nasdaq IPO
Lime has set the terms for its planned Nasdaq listing, seeking to raise up to $174 million as the shared micromobility operator moves closer to becoming a public company. The San Francisco-based company, formally incorporated as Neutron Holdings, said it plans to offer around seven million shares priced between $24 and $26 each. At the midpoint of the range, Lime would be valued at roughly $1.6 billion, below the approximate $2 billion valuatio…
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Total News Sources2
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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