Uber holds 20% in Lime: IPO at 25 USD per share values partner at 1.6 billion USD
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Lime places shares at 25 USD and reaches a market capitalization of 1.6 billion USD. Uber acts as the anchor investor, holding 20% of the shares and generating 14% of Lime's revenue through its app. The proceeds from the issuance reduce debt, freeing Uber from a 115-million-USD credit guarantee. 167 million USD from the issuance: Uber's ecosystem expands through Lime's IPO without balance sheet risk. Strategic Investment at the Issuance Price of 25 USD The micromobility company Lime (Neutron Holdings) has set the issuance price for its...
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