Electric scooter and bike sharing company Lime got off to a strong start on Wall Street Wednesday, with its shares climbing 8% during its first day of trading on the Nasdaq stock exchange.
The Uber-backed company raised $167 million through its U.S. initial public offering, placing its overall value at approximately $1.73 billion.
Trading opened with Lime shares priced at $27 — a notable jump above the IPO price of $25 per share that had been set ahead of the debut.
