Browsing Tag
Wayne Ting
2 posts
Lime IPO prices at $25, but a $115 million debt bill shapes the real investment case
Uber-backed Lime has secured a roughly $174 million Nasdaq offering at a $25 share price, but debt repayment, regulatory dependence and seasonal cash flow will shape the investment case after LIME begins trading.
Lime wants a $1.66bn valuation, but its IPO is also a balance-sheet rescue
Lime’s proposed Nasdaq IPO could raise nearly $181 million and convert much of its debt into equity, but investors must decide whether global micromobility has finally become a durable business.