Lime shares rise 8% on debut

Lime's shares, backed by Uber, successfully debuted on the Nasdaq, soaring by 8% in their first trading session, which raised its market value to approximately $1.73 billion. The stock traded at $27, after the company initially priced it at $25, with around 7 million shares sold, generating approximately $174 million in revenue. This strong start reflects confidence in the company's business model, which provides electric bike and scooter rental services in over 230 cities worldwide.

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