- Uber-backed micromobility firm Lime has filed for a Nasdaq IPO beneath the ticker LIME, with Goldman Sachs and JPMorgan main the providing.
- The submitting reveals sturdy top-line progress however ongoing profitability challenges, with 2025 income rising 29% to $886 million whereas web losses widened to $59.3 million.
- Uber stays Lime’s largest shareholder with a stake of greater than 10%, and integration with the Uber app generated 14% of Lime’s whole income final 12 months.
Uber-backed micromobility firm Lime has filed for a Nasdaq IPO beneath the ticker LIME. Dad or mum firm Neutron Holdings submitted its S-1 submitting on Friday, with Goldman Sachs and JPMorgan main the providing. The corporate has not disclosed the scale or pricing of the IPO.
Based in 2017 by Brad Bao and Toby Sun, Lime operates dockless electrical bikes and scooters throughout round 230 cities in 29 nations. Its vibrant inexperienced autos have grow to be frequent throughout cities, together with London and Paris, the place demand for short-distance city transport has continued to develop.
The submitting exhibits sturdy income progress however continued strain on profitability. Lime’s revenue rose 29% year-on-year in 2025 to $886 million, whereas web losses widened 75% to $59.3 million.
The IPO comes because the micromobility business makes an attempt to recuperate from years of monetary pressure and regulatory scrutiny. Many operators struggled with excessive working prices, parking complaints, and restrictions from metropolis authorities through the sector’s speedy enlargement. Rival Chicken, as soon as valued at greater than $2 billion, filed for bankruptcy in 2023 after heavy losses.
Lime has additionally seen a pointy decline in valuation through the years. The corporate raised $310 million at a $2.4 billion valuation in 2019. Nevertheless, through the pandemic, Lime secured $170 million at a valuation of about $510 million in a funding spherical led by Uber, with backing from Alphabet and Bain Capital.
That 2020 deal additionally included Lime’s acquisition of Uber’s Soar e-bike and scooter enterprise. Uber at present owns greater than 10% of Lime, in keeping with the submitting. Lime’s integration with Uber’s app generated about 14% of its whole income final 12 months, underlining the significance of the partnership.
The corporate is led by former Uber govt Wayne Ting, who oversaw Lime’s restoration after the pandemic compelled the suspension of rides throughout practically two dozen nations. Andreessen Horowitz is Lime’s second-largest shareholder after Uber, with a stake of greater than 5%.
Lime competes with operators together with Voi, UK-based Forest, and Lyft-owned Encourage, which runs New York’s Citi Bike service. Not like station-based bike-sharing methods, Lime’s dockless mannequin has confronted criticism over cluttered pavements and unsafe parking.
Regardless of these considerations, the IPO might sign renewed investor confidence in the way forward for shared electrical transport.
