The Lime IPO will include a purchase of $20 million in shares by Uber, which is already a major backer of the e-scooter and bike firm.

The initial public offering for Lime, an electric scooter and bike rental company that was once a stalwart of the late 2010s startup scene, is getting financial support from an…

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