Electric Bike Rental Firm Lime Rises 8% After $174 Million IPO

AI Summary

Lime, an electric bike and scooter rental operator, saw its shares rise 8% following its $174 million initial public offering. The IPO underscores market interest in micro-mobility and sustainable transportation technology companies.

The operator of Lime electric scooters and bikes gained 8% after the company and some of its shareholders raised $174 million in an initial public offering.