Lime IPO: Uber supports the scooter company's market launch.

      The Lime IPO has been established with a specific price range and an anchor investor: Uber, the prominent ride-hailing company that already has a stake in the scooter business and is now supporting its market entry.

      Lime, officially known as Neutron Holdings, has outlined the terms for its public offering, aiming to raise up to $180.9 million by issuing 6.7 million shares priced between $24 and $26 each. Current shareholders, including CEO Wayne Ting and co-founder Brad Bao, will sell an additional 276,731 shares.

      At the highest price point, Lime would be valued at approximately $1.7 billion. Reports from The Information suggest the company is aspiring for a valuation closer to $1.8 billion and a fundraising goal nearing $200 million during its roadshow this week.

      The shares are set to be listed on the Nasdaq under the ticker LIME. Goldman Sachs and JPMorgan are spearheading the offering, which Lime first registered for last month.

      Uber is prominently involved as the main backer, with an updated prospectus designating it as an anchor investor, contributing what The Information described as a “meaningful” investment. The two companies have significant overlap; Uber holds more than 10 percent of Lime and backs some of its debt. Approximately 14 percent of Lime’s revenue is generated through the Uber app.

      The connection extends to leadership as well; Ting previously served as chief of staff to Uber CEO Dara Khosrowshahi.

      Lime is among the few venture-backed companies still operating in the micromobility sector, which has seen many of its leading players disappear in recent years. VanMoof went under in 2023 despite raising over €200 million, and Rad Power, once valued at $1.65 billion, filed for bankruptcy in late 2025.

      The remaining companies have split into two groups. Bootstrapped Lectric has thrived without venture funding, while Lime has relied on significant investors to survive and is now making its move to the public markets. “Lime was founded on a straightforward yet revolutionary premise: people and cities deserve a future where transportation is shared, affordable, and carbon-free,” Ting wrote in a message to potential investors.

      Growth remains a key focus in Lime's narrative. Revenue jumped to $886.7 million in 2025, an increase from $686.6 million a year prior, with first-quarter revenue rising by 32 percent. Lime recorded 3.8 million monthly active users last year, a more than 20 percent rise from 2024, and its green bikes and scooters are now available in over 230 cities from Sacramento to Sofia to Sydney.

      However, profitability is a different challenge; Lime’s net loss grew to $59.3 million in 2025, compared to $33.9 million the previous year. The company's valuation history has also been tumultuous, going from $2.4 billion in 2019 to just $510 million in a 2020 funding round led by Uber. A successful IPO would signal a significant comeback.

      Lime had initially considered an IPO in 2021 but chose to wait through a challenging period for the sector.

      Timing is crucial as Lime is pursuing a relatively modest capital raise just as SpaceX's record-setting IPO captures the spotlight. Smaller tech IPOs have faced difficulties attracting attention compared to the larger firms. The Lime IPO will serve as a test of investor interest in a hardware-dominant, low-margin business like shared scooters. For Lime, the hope is that scale and support from Uber will provide sufficient backing. For investors, it will offer insights into the current openness of the IPO market.