Prime Highlights
- Lime raised $167 million in its U.S. IPO, selling shares at $25 apiece, the midpoint of its marketed range.
- Uber has indicated interest in buying up to $20 million worth of shares in Lime’s offering.
Key Facts
- Lime is a San Francisco-based company offering electric bike and scooter rentals in over 230 cities worldwide.
- Lime’s 2025 revenue rose nearly 30% to $886.7 million, though its net loss widened to $59.3 million.
Background
Lime, backed by Uber, has raised $167 million through its U.S. initial public offering, joining a growing list of companies tapping into a revived listings market. The company sold 6.68 million shares at $25 apiece, the midpoint of its marketed price range of $24 to $26 per share.
Formerly known as Neutron Holdings, Lime was founded in 2017 and is based in San Francisco. The company offers short-term rentals of electric bikes and scooters across more than 230 cities worldwide. Demand for its services has been growing as commuters, in densely populated urban spaces, increasingly opt for shared e-bikes and scooters for those short rides. People do it because costs are lower and the whole thing is more convenient.
Lime reported 2025 revenue of $886.7 million, a near 30% rise from $686.6 million the previous year. However, its net loss widened to $59.3 million from $33.9 million over the same period.
Uber led a funding round for Lime in 2020 and has shown interest in buying up to $20 million worth of shares in the current offering. A significant portion of Lime’s revenue comes through its partnership with Uber, which offers Lime’s scooters as a transport option on its ride-hailing app.
Lime operates in an industry marked by high operating costs and regulatory challenges. The company was valued at $2.4 billion in 2019, before the pandemic sharply reduced its valuation to about $510 million in 2020, according to reports from that period.
The company is set to debut on the Nasdaq exchange under the ticker symbol “LIME” this week. Goldman Sachs, J.P. Morgan and Jefferies are among the underwriters for the offering. The listing comes as the market for new offerings regains momentum following volatility linked to the Iran conflict, with resilient equity markets and high-profile offerings boosting investor confidence.
