Uber-backed Lime Targets Up to $180.9 Million in U.S. IPO

Lime, an electric bike and scooter company backed by Uber, targets raising up to $180.9 million in its U.S. initial public offering.

A regulatory filing states Lime and some shareholders plan to offer about 6.96 million shares.

Shares will be priced between $24 and $26 each.

This pricing could value Lime at up to $1.66 billion.

Uber, which holds a significant stake in Lime, expects to be an anchor investor in the IPO.

Lime generates a portion of its revenue through the Uber app.

Lime CEO Wayne Ting previously served as chief of staff to Uber's CEO.

The public offering will fund operations and repay debt.