Uber-backed Lime raises $167m in US IPO
Lime, formerly Neutron Holdings and backed by Uber, raised $167m in a U.S. IPO by selling 6.68m shares at $25 (midpoint of $24–$26). The company expects to list on Nasdaq as “LIME.” Lime reported 2025 revenue of $886.7m (+~30%) and a net loss of $59.3m. Uber led prior funding and may buy up to $20m in shares, with revenue tied to its Uber partnership.
How this was made
The 30-second read
Why it matters
The IPO details (size, shares, $25 offer price, and Nasdaq debut under LIME) provide a concrete near-term catalyst for trading around listing and early liquidity/valuation discovery.
Market read
IPO pricing and imminent listing are the actionable items; investors will likely focus on growth vs. widening losses and Uber partnership dependence.
What to watch
Regulatory hurdles and high operating costs are highlighted; traders may underwrite the IPO on unit economics rather than top-line growth.
Background
Lime (formerly Neutron Holdings) is a shared electric bike/scooter operator backed by Uber, with a history of valuation compression post-pandemic.
Ticker impact
Lime raised $167m in its U.S. IPO, selling 6.68m shares at $25 and is set to debut on Nasdaq under ticker LIME.
Elevated first-day/early trading volatility is likely as investors price growth vs. losses and Uber partnership dependence.
The article discloses fresh IPO size, offer price vs. range midpoint, and the expected Nasdaq debut/ticker, which are actionable for positioning around listing dynamics.
Market effects
Adds another high-profile micro-mobility listing, potentially improving sentiment toward shared mobility/e-bike operators despite regulatory and cost headwinds.
US IPO market momentum narrative may support broader risk appetite for new listings.
Limited direct global read-through beyond reinforcing investor appetite for growth IPOs.
Counterpoint
Uber’s interest to buy up to $20m in shares may be supportive, but revenue concentration and widening net losses could cap upside post-listing.
Key entities
- companyLime
Shared electric bike and scooter operator raising $167m in a U.S. IPO at $25 per share.
- companyUber
Backer with indicated interest in buying up to $20m in Lime shares; partnership contributes to Lime revenue.
- venueNasdaq
Expected listing venue for Lime under ticker LIME on Wednesday.
