A cyclist rides a Lime electric bike in London. (Chris Ratcliffe/Bloomberg)
key takeaways:
- Lime filed for a US IPO, seeking to raise up to $180.9 million by offering 6.7 million shares at prices ranging from $24 to $26.
- The micromobility firm could reach a valuation of $1.7 billion and has reported a net loss of $59.3 million on $886.7 million in 2025 revenues.
- Shares are expected to trade on the Nasdaq under the ticker LIME as the company pursues growth following prior valuation swings and growing user demand.
Uber Technologies Inc.-backed electric bike and scooter rental firm Lime and its shareholders are seeking to raise up to $180.9 million in its U.S. initial public offering.
The company, formally known as Neutron Holdings Inc., is offering 6.7 million shares for $24 to $26 each, according to a June 22 filing with the U.S. Securities and Exchange Commission. The selling shareholders plan to sell an additional 276,731 shares. Shareholders selling shares include CEO Wen Ting, Chairman Joseph Cross and co-founder Brad Bao.
At the top of that range, Lime’s market value would be $1.7 billion based on shares outstanding in its filing.
Through Lime, customers can check out short-term electric bike and scooter rentals. Its exclusive green mobility tools can be found in more than 230 cities from Sacramento to Sofia and Sydney. During last year’s Tube strike, Londoners flocked to Lime’s e-bikes and e-scooters.
“Lime was founded on a simple but radical idea: People and cities deserve a future where transportation is shared, affordable, and carbon-free,” Ting said in a letter to potential investors in the filing.
The San Francisco-based micromobility firm was previously valued at $510 million in 2020, when Uber led an investment round with participation from Alphabet Inc’s Google Ventures and Bain Capital Ventures. The figure marks a steep decline from a 2019 funding round that valued the firm at $2.4 billion. Lime first considered IPO plans in 2021.
Lime has just filed for its IPO
The micromobility firm behind those green e-bikes and scooters is trying to raise up to $180.9 million, according to Bloomberg.
deal:
– 6.7 million shares offered at $24-$26 each
– Shareholders are selling by adding 276,731 shares
– $1.7B market cap at the top of the range… pic.twitter.com/1pIg15VP2x– IPO Newsroom (@IPONewsroom_) 22 June 2026
According to the filing, the company reported a net loss of $59.3 million on revenue of $886.7 million in 2025, compared with a net loss of $33.9 million on revenue of $686.6 million a year earlier. Lime had 3.8 million monthly active users in 2025, representing more than 20% year-over-year growth.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are leading the IPO. The company expects the shares to trade on the Nasdaq Global Select Market under the ticker LIME.
Uber Freight is ranked 16th on Transport Topics Top 100 list of the largest logistics companies in North America.
