Lime priced its IPO at a $1.6B valuation, raising $174M, and debuted on Nasdaq with shares trading near the offer price and minimal gains. Nissan’s CEO called robotaxi potential ‘really big’ for Uber, and the company dismissed two senior data-labeling executives in a leadership shake-up.
Lime set its initial offering to achieve a $1.6 billion market valuation, issuing shares that generated $174 million in gross proceeds. Uber’s investment arm backed the deal, underscoring confidence in Lime’s micromobility growth prospects.
On its first trading session, Lime shares opened near the IPO price and traded in a tight range with minimal upside. The muted debut capped a turnaround storyline after Lime’s earlier financial challenges.
Nissan’s CEO described robotaxi potential as ‘really big,’ highlighting significant future demand for autonomous ride-hailing in collaboration with Uber. The remark emphasizes plans to integrate Nissan’s self-driving technology into Uber’s fleet.
Uber dismissed two senior managers in its data-labeling division as part of a broader leadership transition aimed at streamlining AI and data operations. The reorganization reflects Uber’s push to boost efficiency in its technology and autonomous vehicle initiatives.
