June 21 (Reuters) – 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 . 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.
