UPDATE 1-Lime files to go public in New York
Uber Technologies,Inc. UBER | 0.00 |
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May 8 (Reuters) - Lime, which operates an electric bike and scooter network and is backed by Uber Technologies UBER.N, filed to go public in the United States on Friday.
The San Francisco-based startup did not reveal the terms of the offering in the filing and filed under the name Neutron Holdings.
Activity in the U.S. IPO market has rebounded after a slowdown earlier in the year linked to volatile equity markets and the war in Middle-East. A flurry of sectors is now looking to tap into growing investor enthusiasm.
Several AI infrastructure providers, defense startups and biotechnology companies have recently filed for U.S. stock market listings, highlighting pent-up demand in the IPO market.
Goldman Sachs and J.P. Morgan are among the underwriters of the offering. The company intends to list on Nasdaq under the ticker symbol "LIME".
