Uber-backed Lime’s shares rise in Nasdaq debut

Lime, the Uber-backed company, saw its shares rise by 8% during its trading debut on the Nasdaq. This positive market movement occurred following the company's initial public offering, which raised $174 million. The shares continued to climb as the company officially entered the public market, marking a successful transition from a private entity to a publicly traded company on the Nasdaq exchange, reflecting strong initial investor interest in the electric scooter service provider.