Micromobility company Lime has raised $167 million in its IPO, ending an almost decade-long run as a private company that saw wild valuation swings as it navigated multiple major hype cycles and a global pandemic. The nine-year-old scooter and bike company, which is backed by Uber, sold 6.68 million shares at $25 each, at the mid-point of its $24 to $26 price range. Shares started trading on the Nasdaq stock exchange under the ticker 'LIME' on Wednesday afternoon, jumping around 9% in the first hour. 'Having that resilience and patience and belief and optimism that we will get through the toughest moments [has] really paid dividends over the long run, because there were many days, weeks, months, where I wasn't sure if Lime was going to make it past the next three months, four months,' CEO Wayne Ting told TechCrunch in an interview Wednesday. 'To be here today as a public company feels incredibly rewarding, and it took a lot of heart, sweat, and tears to get to this point.' Lime has...
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