Lime plans to name Uber as anchor investor in IPO: report

Lime, which operates an electric bike and scooter network, plans to name ride-hailing firm Uber as an anchor investor in its U.S. initial public offering, The Information reported on Sunday, citing ‌a source.

* ⁠Uber ⁠is expected to invest a "meaningful" amount in the deal ​and be named as an anchor investor on the ​cover of an updated IPO prospectus that Lime plans to file on Monday, the report said.

* ​Reuters could not immediately verify ⁠the report. ‌Uber and Lime did not immediately ​respond ​to Reuters' requests for comment.


* San Francisco-based ⁠startup Lime is backed by Uber Technologies. ​It filed to go public in ​the United States in May.

* Lime intends to use the IPO proceeds to fund operations, repay all its debt, and invest or acquire complementary technologies, assets or intellectual property.

* ‌Uber has guaranteed a $115 million Lime loan due in September, according to the ​report.

* Separately, ​Lime plans ⁠to start talks with IPO investors on a road show this week to raise about $200 million at ​about $1.8 billion valuation, the report said.

* The startup reported a jump in annual revenue in its filing for the U.S. initial public offering in May.