Lime completed its U.S. initial public offering, selling 6.68 million shares at $25 per share—the midpoint of its $24 to $26 marketed range—raising $167 million. The company, formally known as Neutron Holdings, will begin trading on the Nasdaq exchange under the ticker LIME on Wednesday. Uber indicated interest in purchasing up to $20 million in shares as part of the offering.
Founded in 2017, Lime has grown to operate electric scooters and bikes in over 230 cities worldwide. The company has received significant backing from Uber, which led a funding round in 2020. Lime's valuation has fluctuated substantially—from $2.4 billion in 2019 to approximately $510 million in 2020—before reaching public markets.
Lime achieved 29% year-over-year revenue growth to $886.7 million in 2025 and operates globally across 230+ cities, demonstrating strong market demand for micromobility services.
Lime's net losses widened to $59.3 million in 2025 from $33.9 million in 2024, raising questions about the path to profitability despite revenue gains.
Lime, a company that rents electric scooters and bikes in cities worldwide, sold stock to the public for the first time, raising $167 million. The company is growing its revenue quickly but is still losing money each year, so investors are betting that will change as the business scales.
Lime narrows losses over the next two years and reaches profitability by leveraging its partnership with Uber and expanding into higher-margin markets.
scenario - not a predictionRising operating costs and competitive pressure cause Lime's net losses to remain elevated or grow, pressuring the stock price despite revenue expansion.
scenario - not a predictionUber exercises its strategic position to acquire Lime at a premium, consolidating the micromobility space under its mobility platform.
scenario - not a prediction