Lime completes $167 million IPO, valued at $1.66 billion

According to TechCrunch, micromobility firm Lime went public on Nasdaq, selling 6. 68 million shares at $25 each. The offering raised $167 million in total. Lime said the proceeds will be used to address roughly $1 billion in liabilities.

The transaction valued the company at about $1. 66 billion. Each share was priced at $25.