E-scooter rental company Lime, with Uber among its major shareholders, is raising $167 million in connection with its listing on Nasdaq in the USA.

The shares were priced at $25, in the middle of the indicated pre-range of $24–$26, which corresponds to a company valuation of approximately $1.6 billion – or SEK 15.6 billion.

Lime's turnover last year was 887 million dollars, an increase of close to 30 percent from the previous year. Last year's net profit, however, was a loss of approximately 59 million dollars.

Lime shares begin trading on Wednesday.

Source: DI-TT.SE