Uber-backed Lime reveals revenue surge in US IPO filing

Lime, which operates an electric bike and scooter network and is backed by Uber Technologies, reported a jump in yearly revenue in its filing for a U.S. initial public offering.

The ​San Francisco-based startup did not reveal the terms of the offering in the filing.

Activity in the U.S. IPO market has rebounded after a slowdown earlier in the year linked to volatile equity markets and the war ‌in the Middle ⁠East. ⁠A flurry of sectors is now looking to tap into growing investor enthusiasm.