Updates

** Electric bike startup Lime LIME.O, backed by Uber UBER.N, on track to open above offer price in Nasdaq debut after $174 million IPO

** Stock recently indicated to open at $27 apiece vs $25 IPO price

** LIME and some existing shareholders sold ~7 million shares within marketed range of between $24 and $26

** Founded in 2017 and helmed by former Uber executive Wayne Ting, LIME provides short-term rentals of electric bikes and scooters

** Analysts say scooter rental fits within the portfolio for companies that won’t be disrupted by AI

** Uber had indicated interest in buying up to $20 million of LIME shares from offering

** Goldman Sachs and J.P. Morgan acted as lead book-running managers for offering