Lime raises $167M in IPO after years of teasing a public debut

Lime, a nine-year-old scooter and bike-share company, has raised $167 million in its initial public offering. The company has stated that it requires the funds to help pay down its liabilities, which total around $1 billion. Lime's public debut has been anticipated for years, and the IPO is a significant step for the company. The funding will likely be used to alleviate some of the company's financial burdens and support its future operations.

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