Lime's Long-Awaited IPO Is Finally on Track: Uber-Backed Scooter Startup Reports $686M Revenue and 'Cash Flow Positivity'

Lime, the electric bike and scooter rental startup backed by Uber (NYSE:UBER), has hired Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) to prepare for a U.S. initial public offering expected to launch next year, Reuters reports. Founded in 2017, Lime operates in more than 280 cities across nearly 30 countries, offering short-term rentals for electric bikes and scooters. According to Reuters, the San Francisco-based startup has been considering a public listing for several years, but the c