Micromobility company Lime has raised $۱۶۷ million in its IPO، ending an almost decade-long run as a private company that saw wild valuation swings as it navigated multiple major hype cycles and a global pandemic۔
نَوں سَالَ پُرَاݨِی سَکُوٹَرَ اَتے بَائِیکَ کَن٘پَنِی، جِسَ نُوں اُبیرَ دَا سَمَرَتھَنَ پْرَاپَتَ ہَے، نے آپَݨِی $۲۴ توں $۲۶ کِیمَتَ رین٘جَ دے مَدھَّ-پُءآئِن٘ٹَ 'تے $۲۵ ہَریکَ 'تے ۶۔۶۸ مِلِیءاَنَ شےءاَرَ ویچے۔ Shares started trading on the Nasdaq stock exchange under the ticker “LIME” on Wednesday afternoon، jumping around ۹% in the first hour۔
لَن٘بے سَمیں توں اُڈِیکِءآ جَا رِہَا IPO لَائِیمَ دَا مُلَان٘کَݨَ لَگَبھَگَ $۱۔۶۶ بِلِیءاَنَ دَسَّدَا ہَے، جو کِ سَاتھِی مَائِیکْروموبِلِٹِی کَن٘پَنِی بَرَڈَ دِی کِیمَتَ توں شَرَمِن٘دَا ہَے جَدوں اِہَ ۲۰۲۱ وِچَّ اِکَّ وِشیشَ اُدیشَ پْرَاپَتِی کَن٘پَنِی نَالَ وِلِینَ ہو گَئِی سِی۔
“Having that resilience and patience and belief and optimism that we will get through the toughest moments [has] really paid dividends over the long run، because there were many days، weeks، months، where I wasn’t sure if Lime was going to make it past the next three months، four months،” CEO Wayne Ting told TechCrunch in an interview Wednesday۔ “To be here today as a public company feels incredibly rewarding، and it took a lot of heart، sweat، and tears to get to this point۔”
لَائِیمَ سَالَاں توں آئِیپِیؤ 'تے وِچَارَ کَرَ رِہَا ہَے۔ In ۲۰۲۱، following a $۵۲۳ million funding round، Ting told TechCrunch the company was eyeing an IPO in ۲۰۲۲ ۔ He reheated the idea in ۲۰۲۳، saying that Lime was still waiting for the right market conditions ۔
Ultimately، though، Ting said he only wanted to go public when he could prove to the market that Lime was a far more durable company than one like Bird۔
“We felt like we needed to demonstrate we were going to be a self-sustaining، profitable، free cash flow positive business، and that only happened over the last three years، [where] we had three years of free cash flow positive results،” he said۔ “I think the timing is right، because the business is strong۔ We still have a lot of growth ahead of us۔”
چُونے نُوں پھَن٘ڈَاں دِی لوڑَ ہَے۔ مَئِی وِچَّ آپَݨِی آئِیپِیؤ پھَائِیلِن٘گَ وِچَّ، کَن٘پَنِی نے "کَافِی شَکَّ" پْرَگَٹَ کِیتَا کِ اِہَ اِکَّ چِن٘تَا دے رُوپَ وِچَّ جَارِی رَہِ سَکَدِی ہَے۔ Lime said it needs the IPO proceeds to help resolve around $۱ billion in liabilities، more than half of which is due by the end of this year، though some of that debt is convertible۔ آئِیپِیؤ توں بِنَاں، لَائِیمَ نے سَن٘بھَاوِی نِویشَکَاں نُوں کِہَا، اِسَ نُوں وِتَّ دے ہورَ سَروتَ لَبھَّݨَ دِی زَرُورَتَ ہوئیگِی۔
چُونَا اُسَ وِتِّی کِنَارے دِی سَوَارِی کَرَ رِہَا ہَے کِؤُن٘کِ مَائِیکْروموبِلِٹِی اُدَیوگَ پِچھَلے کُجھَ سَالَاں وِچَّ، چَن٘گے سَمیں وِچَّ وِی کَافِی بیرَہِمَ سَابَتَ ہوئِا ہَے۔ Bird had to file for bankruptcy protection and restructure after it went public، and other competitors have either merged ( Tier and Dott )، been delisted from major exchanges ( Micromobility۔com )، or gone out of business entirely ( Superpedestrian )۔
ہَپھَڑَا-دَپھَڑِی دے وِچَکَارَ، لَائِیمَ نے پِچھَلے کُجھَ سَالَاں وِچَّ آپَݨِی آمَدَنَ وِچَّ سُدھَارَ کِیتَا ہَے۔ اِسَنے ۲۰۲۳ وِچَّ $۵۲۱ مِلِیءاَنَ، ۲۰۲۴ وِچَّ $۶۸۶۔۶ مِلِیءاَنَ، اَتے پِچھَلے سَالَ $۸۸۶۔۷ مِلِیءاَنَ دِی کَمَائِی کِیتِی۔ کَن٘پَنِی نے ۲۰۲۳ وِچَّ $۱۲۲۔۳ مِلِیءاَنَ توں ۲۰۲۴ وِچَّ سِرَپھَ $۳۳۔۹ مِلِیءاَنَ دے گھَاٹے نُوں وِی گھَٹَا دِتَّا، ہَالَان٘کِ اِہَ اَن٘کَڑَا ۲۰۲۵ وِچَّ $۵۹۔۳ مِلِیءاَنَ ہو گِءآ۔ (The company reported adjusted gross profit in ۲۰۲۵ of more than $۴۰۰ million، when discounting costs like depreciation۔)
اِہَ وَادھَا وَڈّے پَدھَّرَ 'تے لَائِیمَ دِی وِشَوَ پَدھَّرَ 'تے سَکیلَ کَرَنَ دِی یوگَتَا توں آئِا ہَے۔ اِہَ ہُݨَ ۲۹ دیشَاں دے ۲۳۰ شَہِرَاں وِچَّ کَمَّ کَرَدَا ہَے۔ But the company is also somewhat dependent on Uber، which owns ۲۴% of Lime and accounted for more than ۱۴% of its revenue last year۔ (اُبیرَ کُجھَ شَہِرَاں وِچَّ لوکَاں نُوں آپَݨِی اَیپَ رَاہِیں لَائِیمَ رَائِیڈَ بُکَّ کَرَنَ دِی اِجَازَتَ دِن٘دَا ہَے۔)
Ting said Lime’s focus on driving down unit costs and its ability to use software and machine learning to manage city-by-city operations are what helped Lime create a more financially sustainable business۔ And he said he only expects those advantages to improve now that Lime has access to the public markets۔
“It’s more capital for us to invest in growth and expanding Lime، in investing back into our technology۔ I feel like a lot of the advantages that we have being the only skilled operator، the only profitable operator، is only going to amplify now that we’re public،” he said۔ “It’s a real game of inches business، and we’re constantly looking for this ۱%، ۲% improvement۔”
Ting also said he believes being a public company will encourage more cities to partner with Lime۔ Error ۵۰۰ (Server Error)!!۱۵۰۰۔That’s an error۔There was an error۔ Please try again later۔That’s all we know۔
