Lime, the electric scooter and bike rental company backed by Uber, successfully completed its US initial public offering, raising $167 million. The company priced its shares at $25 each, which was the midpoint of its targeted range of $24 to $26 per share. This offering values the company at approximately $1.66 billion to $1.8 billion.
The IPO saw the sale of 6.68 million shares by Neutron Holdings, Lime's corporate entity. Additionally, CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao collectively sold an extra 276,731 shares. Lime's shares are set to trade on the Nasdaq stock exchange under the ticker symbol LIME.
Uber played a significant role in this offering, holding more than 10% of Lime prior to the IPO and guaranteeing some of its debt. The ride-hailing giant also plans to purchase up to $20 million worth of shares in the offering. This relationship has been crucial for Lime, providing credibility and a valuable distribution channel through the Uber app.
Financially, Lime reported revenue of $886.7 million in 2025, a nearly 30% increase from $686.6 million in 2024. However, its net loss widened to $59.3 million in 2025, up from $33.9 million the previous year, indicating that while revenue is growing, profitability remains a challenge. This IPO comes after a period of significant valuation fluctuation for Lime, which saw its value drop from $2.4 billion in 2019 to $510 million in 2020 before this latest listing.
