GK and monthly revision

US stocks: Uber-backed Lime seeks up to $1.66 billion valuation in US IPO

Lime, an electric bike and scooter operator backed by Uber, is planning an initial public offering (IPO) in the US, targeting a valuation of up to $1.66 billion and aiming to raise over $180 million. This IPO is significant as it will gauge investor interest in the micromobility sector, which is facing various regulatory and operational hurdles. The outcome could influence future investments in similar companies and the overall market for sustainable transportation solutions.