Lime has listed Uber as an anchor investor in an updated IPO prospectus that is due to be filed shortly, a person familiar with the matter said. The ride-hailing company is preparing to commit a meaningful sum to the offering, according to the same source.
The company plans to start investor presentations this week as part of a road show whose objective is to raise approximately $200 million. Those presentations are intended to support the planned offering and to engage potential institutional and other investors ahead of the filing.
Lime is aiming for a valuation in the vicinity of $1.8 billion for the proposed public offering. The prospectus update and the timing of the filing have been described as imminent by the person familiar with the situation, though the precise filing date was not specified.
Founded as a provider of shared micro-mobility options, Lime gained prominence in the late 2010s by deploying electric scooters and bikes for short-term rental in urban environments. The company’s model centers on placing vehicles in dense population centers for on-demand, short-distance trips.
Context and next steps
With Uber positioned as an anchor backer, Lime’s road show will present the company’s financing goals and valuation objectives to prospective investors. The company’s plans — including the approximate $200 million target and the roughly $1.8 billion valuation — represent the key financial parameters disclosed so far.
The information available at this stage derives from a person familiar with the matter; further details on investment size, allocation, and final filing dates were not provided.
Key details at a glance
- Lime will list Uber as an anchor investor in an updated IPO prospectus, according to a person familiar with the matter.
- The road show of investor presentations begins this week, targeting about $200 million in proceeds.
- The offering is being pitched with a targeted valuation of roughly $1.8 billion.