June 21 (Reuters) – Lime, which operates an electric bike and scooter network, plans to name ride-hailing firm Uber as an anchor investor in its initial public offering, The Information reported on Sunday, citing a source. The company is expected to start talks with IPO investors on a road show this week to raise about […]
Business
Lime plans to name Uber as anchor investor in IPO, The Information reports
Audio By Carbonatix
June 21 (Reuters) – Lime, which operates an electric bike and scooter network, plans to name ride-hailing firm Uber as an anchor investor in its initial public offering, The Information reported on Sunday, citing a source.
The company is expected to start talks with IPO investors on a road show this week to raise about $200 million at about $1.8 billion valuation, the report said.
Reuters could not immediately verify the report.
(Reporting by Preetika Parashuraman in Bengaluru; Editing by Subhranshu Sahu)