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Uber-Backed Lime Seeks $180.9 Million in IPO
Electric Bike Rental Company Is Offering 6.7 Million Shares for $24 to $26 Each
Key Takeaways:
- Lime filed for a U.S. IPO seeking to raise up to $180.9 million by offering 6.7 million shares priced at $24 to $26.
- The micromobility firm could reach a $1.7 billion valuation and reported a $59.3 million net loss on $886.7 million in 2025 revenue.
- Shares are expected to trade on the Nasdaq under ticker LIME as the company pursues growth following prior valuation swings and rising user demand.
Lime, the electric bike and scooter rental firm backed by Uber Technologies Inc., and it shareholders are seeking to raise as much as $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 filing on June 22 with the U.S. Securities and Exchange Commission. Selling shareholders plan to sell a further 276,731 shares. The stockholders selling shares include CEO Wayne Ting, president Joseph Kraus and co-founder Brad Bao.
At the top of that range, Lime would have a market value of $1.7 billion, based on the outstanding shares in its filing.
Through Lime, customers can check out short-term electric bike and scooter rentals. Its distinctive green mobility devices can be found in more than 230 cities from Sacramento to Sofia to Sydney. Londoners rushed to Lime’s e-bikes and e-scooters during last year’s Tube strike.
“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 prospective 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 marked a steep fall-off from a 2019 funding round that valued the firm at $2.4 billion. Lime first considered IPO plans back in 2021.
LIME JUST FILED FOR ITS IPO
The micromobility firm behind those green e-bikes and scooters is seeking to raise up to $180.9M, per Bloomberg.
The deal:
- 6.7M shares offered at $24-$26 each
- Selling shareholders adding 276,731 shares
- $1.7B market value at the top of the range… pic.twitter.com/1pIg15VP2x — IPO Newsroom (@IPONewsroom_) June 22, 2026
The company saw a net loss of $59.3 million on revenue of $886.7 million in 2025, compared to a net loss of $33.9 million on $686.6 million of revenue a year earlier, according to the filing. Lime saw 3.8 million monthly active users in 2025, which marked more than 20% of growth year-over-year.
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 ranks No. 16 on the Transport Topics Top 100 list of the largest logistics companies in North America.
