SPAC is a public shell used to merge with a private firm, steering IPOs through backdoors rather than traditional routes; Lime’s IPO marks its latest role in SPAC-linked exit activity.
Lime has priced its IPO at $25 per share and sold 6.68 million shares, valuing the company around $1.66 billion. Trading has begun on Nasdaq under the ticker LIME, with the stock showing initial strength amid a volatile market for micro-mobility firms.