Lime, the global shared micromobility company, began trading on Wednesday under the ticker LIME after pricing its IPO at $25 per share—the midpoint of its marketed $24–$26 range. The stock opened at $27, reflecting early investor demand. The IPO raised approximately $167 million through the sale of 6.96 million shares and valued the company at $1.63 billion.
Lime operates in more than 230 cities across five continents and has powered over 1 billion rides. The company is backed by Uber, which owns more than 10% and made a $170 million investment that helped Lime absorb Uber's Jump e-bike and scooter business. CEO Wayne Ting highlighted that Lime has achieved free cash flow positivity over the last three years and maintains strong unit economics, with vehicles paying back their initial investment in under a year and lasting five years or more.
Lime has demonstrated profitability and strong unit economics, with free cash flow positive operations for three years and vehicles generating 4–5x return on invested capital.
The company faces competitive pressures in the micromobility space and relies partly on Uber's ownership and debt guarantee, which ties its future to a larger tech firm's strategy.
Lime is a company that rents out electric scooters and bikes in cities around the world. It just sold shares to the public for the first time, raising money to grow and pay down debt, and investors were excited enough to buy at a higher price than the initial offering.
If institutional investors continue buying and the company executes its expansion plans, the stock could stabilize above IPO price and attract further investment.
scenario - not a predictionIf broader market conditions shift or growth slows, the stock could face pressure and retreat toward or below the IPO price despite operational strength.
scenario - not a prediction