Lime, the bike and scooter rental company backed by Uber, raised $167 million through its initial public offering. Shares priced at $25 each in a deal underwritten by Goldman Sachs, JPMorgan and Jefferies, marking a significant step for the micromobility sector.

The pricing reflects investor appetite for transportation alternatives amid urban mobility shifts. Goldman Sachs and JPMorgan leading the underwriting signals major banks see potential in shared electric vehicles as cities worldwide prioritize sustainable transit options.

Lime's public debut tests whether micromobility companies can sustain growth beyond venture capital enthusiasm. The $167 million valuation provides capital for fleet expansion while Uber's backing offers strategic advantages in ride-sharing integration.

This IPO represents a barometer for urban mobility investing as traditional automakers pivot toward electric and shared transportation models. Success could spur more micromobility offerings from public markets.