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

      Lime has set the price for its US initial public offering at $25 per share, as reported by Bloomberg News. This figure is at the midpoint of the $24 to $26 range that the company had indicated. The offering has generated approximately $174 million in total.

      Neutron Holdings, which is the parent company of Lime, sold 6.68 million shares in this transaction. Additionally, shareholders, including CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao, sold an extra 276,731 shares among themselves.

      The stock will be traded on the Nasdaq under the ticker symbol LIME. This pricing at the midpoint values the company between approximately $1.66 billion and $1.8 billion.

      For a sector that has faced many challenges in recent years, achieving a clean landing at the midpoint is seen as a positive outcome. Investors did not demand a discount, and Lime did not have to push for the upper end of its range.

      Bloomberg was the first to report on the pricing, which was soon confirmed by various financial news outlets. Lime has not provided a specific valuation figure, so these numbers are based on the terms that have been reported.

      Uber plays a significant role in this situation. The ride-hailing company owns over 10% of Lime and also backs some of its debt, making it a key investor in the listing and providing a level of credibility that independent micromobility companies have struggled to achieve in recent times. This partnership also allows Uber to re-enter the two-wheeled rental market without taking full ownership.

      Lime initially announced its intentions when it filed for the Nasdaq listing under the Neutron Holdings name, positioning it as the first major micromobility IPO in eight years.

      Looking at the numbers behind the scooters, Lime was established in 2017 and currently operates in around 230 cities across 29 countries. Its electric bikes and scooters have become common in many markets.

      The company reported approximately $928 million in revenue for the year ending March 31, 2026, with rider numbers increasing, showing a rise in monthly active users of over 20% year-on-year.

      However, achieving profitability remains challenging. Lime's net loss grew to $59.3 million in 2025, compared to $33.9 million the previous year, indicating that while revenue is increasing, the company continues to operate at a loss.

      This situation creates a complex proposition for public investors. Lime is asking the market to support a growing yet unprofitable business in a sector that has seen its fair share of failures.

      As one of the few venture-backed companies left in the micromobility space, Lime is going public amid a backdrop of financial distress in the category, where many competitors have either collapsed or been sold off.

      Thus, the midpoint pricing reflects cautious optimism rather than exuberance. The valuation appears grounded, and the amount raised is modest compared to other tech offerings.

      Moreover, this listing takes place during a slow summer IPO season, making any successful pricing more significant. The limited deal flow indicates steady demand rather than overheated interest.

      Lime’s appeal relies on its scale and a familiar backer, rather than a clear route to profitability. The involvement of Uber provides potential investors with a reason to overlook the increasing losses.

      The true test will occur once trading begins. The midpoint price establishes a fair benchmark, but the initial trading sessions on Nasdaq will reveal whether investors are willing to support Lime at this level.

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

      Whether this stability will hold up in the public market is uncertain. The micromobility sector has seen many companies rise and fall, and Lime must demonstrate that it can be an exception rather than just another cautionary tale.