Uber-backed electric bike startup Lime hires banks for US IPO, sources say

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Lime, a startup backed by Uber Technologies that operates an electric bike and scooter network, has hired investment banks to help it prepare for a long-awaited US initial public offering, according to people familiar with the matter.

The San Francisco-based startup is making preparations for a stock market launch that could happen next year, according to three people, with one of them adding Goldman Sachs and JPMorgan Chase have been retained to help with the flotation.

The IPO could value the firm significantly higher than its valuation in 2020…



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Uber-backed electric bike startup Lime hires banks for US IPO, sources say


Lime, a startup backed by Uber Technologies that operates an electric bike and scooter network, has hired investment banks to help it prepare for a long-awaited US initial public offering, according to people familiar with the matter.

The San Francisco-based startup is making preparations for a stock market launch that could happen next year, according to three people, with one of them adding Goldman Sachs and JPMorgan Chase have been retained to help with the flotation.

The IPO could value the firm significantly higher than its valuation in 2020…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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