The electric scooter company is testing investor appetite with a Nasdaq debut that could value it well above its last private price tag.

Lime, the bike-and-scooter network backed by Uber, has set its sights on a U.S. listing worth up to $1.66 billion. It’s the latest sign that the IPO market is finding its feet again after a rocky stretch.

Key Details

The San Francisco firm and a group of selling shareholders plan to offer roughly 6.96 million shares, priced between $24 and $26 each. Lime filed its paperwork last month and will trade on the Nasdaq under the ticker “LIME.” Goldman Sachs, J.P. Morgan, and Jefferies are leading the offering.

Founded in 2017 and run by former Uber executive Wayne Ting, Lime now operates in about 230 cities across 29 countries.

Market Reaction

IPO activity had cooled sharply after the Iran war rattled global markets, but sentiment has bounced back. Strong equity markets and a string of high-profile debuts are giving companies the confidence to push ahead with listing plans, and Lime is riding that wave.

Why It Matters

For traders, Lime’s debut is a fresh read on how much risk appetite has actually returned. A successful pricing near the top of its range would signal investors are comfortable paying up for growth names again, while a soft landing could suggest the rebound has limits.

What to Watch Next

Keep an eye on where Lime actually prices its shares and how the stock trades in its first sessions. That reaction will say a lot about whether the broader IPO window stays open for the next wave of companies lining up behind it.

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Source: Reuters

Time: : 3:30 PM EEST