On June 30, 2026, Lime, a California-based company backed by Uber, raised $167 million in its US initial public offering (IPO). The company, formerly known as Neutron Holdings, sold 6.68 million shares at $25 each, the midpoint of its marketed range of $24 to $26 per share.
Founded in 2017 and headquartered in San Francisco, Lime provides short-term rentals of electric bikes and scooters in over 230 cities worldwide. Demand for its services has increased as commuters in densely populated urban centers turn to shared e-bikes and scooters for short trips due to their lower cost and convenience.
Lime reported a 2025 revenue of $886.7 million, nearly a 30% increase from $686.6 million the previous year. However, its net loss widened to $59.3 million from $33.9 million in the same period.
Uber led a 2020 funding round for Lime and has expressed interest in purchasing up to $20 million in shares during the IPO. A significant portion of Lime's revenue is generated through its partnership with Uber, which offers Lime's scooters as a transport option on its ride-hailing app.
The IPO comes as the market for new listings regains momentum following volatility linked to the Iran conflict, with resilient equity markets and high-profile offerings boosting investor appetite. Lime, operating in an industry with high operating costs and regulatory challenges, was valued at $2.4 billion in 2019 before the pandemic caused a sharp downturn, reducing its valuation to about $510 million in 2020, according to media reports at the time.
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