VC2 min read
Lime seeks $1.66B valuation in US IPO filing
Tags Consumer · Enterprise
Reuters·
Uber-backed micromobility company Lime filed for a US IPO targeting a valuation of up to $1.66 billion. The filing signals continued activity in the tech public markets despite regulatory headwinds. Separately, a federal judge extended the block on Ohio's parental consent requirement for minors' social media use.
Technical significance
Lime's IPO filing tests investor appetite for micromobility as a standalone business. The $1.66B target valuation will be a bellwether for whether shared mobility companies can achieve sustainable unit economics at scale.