Lime, backed by Uber, has set its IPO price at $25 per share, generating approximately $174 million.

      Lime has set the price for its initial public offering in the US at $25 per share, according to Bloomberg News. This figure represents the midpoint of the $24 to $26 range that the company had been promoting. The total amount raised from the offering is approximately $174 million.

      Neutron Holdings, the parent company of Lime, sold 6.68 million shares as part of the offering. Additionally, stakeholders including CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao sold an extra 276,731 shares collectively.

      The stock is expected to be traded on the Nasdaq under the ticker LIME. Pricing at the midpoint positions the company’s valuation between approximately $1.66 billion and $1.8 billion.

      For a sector that has faced significant challenges in recent years, achieving the midpoint is considered a positive outcome. Investors did not demand a discount, and Lime was not compelled to push for the upper limit of its price range.

      Bloomberg was the first to report on the pricing, which was quickly corroborated by other financial news sources. Lime has not released its own valuation figures, so the stated numbers are based on the reported terms.

      Uber plays a significant role in this scenario, as the ride-hailing company owns over 10% of Lime and has guaranteed part of its debt.

      This stake positions Uber as the anchor investor in the offering, providing credibility that other standalone micromobility companies have struggled to establish recently. Furthermore, this relationship allows Uber a chance to re-enter the two-wheeled rental market without taking full ownership.

      Lime initially indicated its plans when it applied for the Nasdaq listing under the Neutron Holdings name, characterizing this move as the first major test of a micromobility IPO in eight years.

      The numbers related to the scooters reveal that Lime was founded in 2017 and now operates in around 230 cities across 29 countries. Its electric bikes and scooters have become common in many markets.

      The business reported approximately $928 million in revenue for the year ending March 31, 2026, with the number of riders increasing, as monthly active users rose over 20% year-on-year.

      However, profitability remains a challenge. Lime’s net loss increased to $59.3 million in 2025, up from $33.9 million the previous year. Thus, while the company is increasing revenue, it continues to incur losses.

      This conflict is central to Lime’s appeal to potential public investors, who are being asked to support a growing but unprofitable company in a sector that has seen many failures.

      Lime is going public as one of the last remaining venture-backed companies in micromobility. The industry has experienced significant financial strain and loss of confidence in recent years, leading to the collapse or sale of several competitors.

      Consequently, pricing in the midpoint range reflects cautious optimism rather than exuberance. The valuation appears grounded, and the amount raised is modest compared to typical tech listings.

      This listing is also taking place during a slow summer IPO season, making any successful pricing more noteworthy. The low deal flow signals consistent demand rather than overheating.

      Lime’s pitch focuses on its scale and association with a well-known backer rather than a clear path to profitability. Uber's involvement gives hesitant investors a reason to overlook the expanding losses.

      The true test will occur once trading begins. A midpoint price establishes a reasonable benchmark, but the initial trading days on the Nasdaq will reveal whether public investors have the same level of interest that has driven Lime thus far.

      For the moment, the company has successfully crossed a crucial hurdle. It has priced and raised funds without hesitation regarding its valuation.

      However, whether this stability endures in the open market remains uncertain. Micromobility has seen many promising debuts turn into disappointments, and Lime will need to demonstrate that it can defy this trend and not become another cautionary tale.