Uber-backed Lime raises $167M in Nasdaq IPO
What's the deal? Lime, the world's largest shared micromobility business, priced its initial public offering at $25 a share, raising about $167m.
The San Francisco company sold roughly 6.7 million shares through parent Neutron Holdings, valuing it at about $1.6bn. Chief executive Wayne TingDealroom has a profile for this one. Try Dealroom →, president Joseph Kraus, and co-founder Brad BaoDealroom has a profile for this one. Try Dealroom → sold a further 276,731 shares.
The total raise could reach $200m if existing investors' shares and a greenshoe option are included.
Why now? Lime is going public as one of the last venture-backed names standing in micromobility, a sector that burned through cash and confidence as rivals like BirdDealroom has a profile for this one. Try Dealroom →, Voi, and Bolt folded or sold for scrap.
The listing arrives during a thin summer IPO window. A midpoint pricing signals steady rather than frothy demand.
Uber is doing much of the heavy lifting. The ride-hailing group owns more than 10% of Lime and guarantees some of its debt, making it the anchor investor.
What could go wrong? Profitability is the harder part of the story. Lime's net loss widened to $59.3m in 2025, from $33.9m the year before.
The company is scaling revenue while still bleeding cash, asking the market to back a growing but loss-making operator in a sector littered with failures.
Revenue grew 29% last year to $886.7m, with monthly active users up 21%. The US and UK were its top markets, at 32% and 22% of revenue.
The signal: A midpoint landing reads as cautious optimism rather than exuberance. Investors did not force a discount, and Lime did not reach for the top of its range.
Founded in 2017, Lime now operates in roughly 230 cities across 29 countries and has powered more than 1 billion rides. Its pitch leans on scale and a familiar backer rather than a clear path to profit.
The shares are set to trade on the Nasdaq under the ticker LIME. The real test comes when trading begins.
Read more: Lime · The Next Web · Financial Times
