Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, seeking to raise over $180 million. Despite past losses, the company boasts rapid revenue growth and a global presence. Uber, a key investor, plans to buy shares. This offering will test investor appetite for the industry, which faces regulatory and operational challenges.

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.