Lime opens at $27 a share; IPO happened at the 'right moment,' CEO says

Electric scooter and e-bike company Lime (LIME) opened at $27 a share on Wednesday, a day after pricing its initial public offering (IPO) at $25 per share.

Trading under the ticker LIME, the company priced its IPO Tuesday night at the midpoint of its marketed range of $24 to $26. The company sold 6,956,522 shares, raising approximately $167 million from the sale.

"I would say it's the right moment because we have been building this business and the last three years we've been free cash flow positive, [and] we continue to grow our top line, very healthy 29% top line growth in 2025," Lime CEO Wayne Ting said to Yahoo Finance. "Now that we are at financial sustainability to tap the public markets to further accelerate growth, and I do think the macro IPO market improving is a good tailwind as well.

Lime stock was up around 10% in early trade.

At $25 a share, Lime's post-IPO market capitalization sits at $1.63 billion, based on an estimated 65.1 million shares outstanding. Around $115 million of the proceeds are earmarked to pay down debt. Underwriters hold a 30-day option to buy up to 1,043,478 additional shares at the IPO price.

Lime describes itself as the largest global shared

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/article/lime-opens-at-27-a-share-ipo-happened-at-the-right-moment-ceo-says-162509539.html)