Electric bike and scooter network operator Lime is reportedly moving forward with plans to feature Uber as its anchor investor in an initial public offering, according to a report from The Information published Sunday, which cited a single source familiar with the matter.
According to the report, Lime is expected to begin meeting with potential IPO investors this week as part of a road show, with the goal of raising roughly $200 million. The offering is anticipated to place the company’s total value at around $1.8 billion.
Reuters, which first relayed the report, noted that it was unable to independently confirm the details at the time of publication.
