Uber Technologies, Inc. (UBER.US)-backed ridesharing platform Lime (LIME.US) launches its IPO on the US stock market, aiming to raise up to $181 million.

Shared electric bike and electric scooter operator Lime, supported by Uber Technologies, Inc. (UBER.US), submitted its latest prospectus to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to approximately $181 million through an initial public offering (IPO) and officially begin the process of listing on the U.S. stock exchange. According to the filing, Lime's parent company Neutron Holdings Inc. plans to issue 6.7 million shares of stock at a price of $24 to $26 per share. At the same time, some existing shareholders will also sell approximately 277,000 shares. If priced at the upper end of the range, the IPO is expected to raise approximately $180.9 million, resulting in a market value of approximately $1.7 billion. Shareholders participating in the sell-off include company CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao, among other executives. Founded in San Francisco, Lime is one of the world's largest shared micro-mobility platforms, primarily providing short-term rental services for electric bikes and scooters. Users can unlock vehicles and pay for usage time through a mobile app. Currently, Lime's green shared mobility vehicles are present in over 230 cities worldwide, operating in regions including the United States, Europe, and Australia. Lime's operating network can be found from Sacramento, USA to the capital of Bulgaria, Sofia, and even in Sydney, Australia. During the London subway strike last year, demand for Lime's electric bikes and scooters saw a significant increase. CEO Wayne Ting stated in the prospectus to investors, "Lime was founded on a simple yet disruptive idea that individuals and cities should have a shared, economical, and zero-emissions transportation future." As global cities push for green transportation and low-carbon travel, the shared micro-mobility industry has been expanding in recent years. However, the industry has also experienced cooling enthusiasm in the capital markets and consolidation. Data shows that Lime was valued at only $5.1 billion during a financing round in 2020, with investment from Uber Technologies, Inc., Google Ventures (a subsidiary of Alphabet Inc. Class C), and Bain Capital Ventures. This valuation marked a significant drop from its valuation of $2.4 billion during a financing round in 2019. In fact, Lime had considered launching an IPO plan as early as 2021, but due to changes in the capital market environment and growth pressures, the listing plans were postponed. Financial data shows that Lime is currently operating at a loss, but revenue continues to grow rapidly. In 2025, the company achieved revenue of $886.7 million, a 29% year-on-year increase; net loss was $59.3 million, higher than the $33.9 million loss in the same period in 2024. In terms of user scale, Lime had 3.8 million monthly active users in 2025, a growth of over 20% year-on-year, indicating that platform usage demand is still growing. Analysts point out that with the acceleration of urban green transportation construction and the continuous growth of shared travel demand, Lime's shared micro-mobility market still has significant development potential. However, since the company has not yet achieved profitability, whether it can further expand its user base, improve operational efficiency, and achieve sustainable profitability in the future will be a key focus for investors. Goldman Sachs Group, Inc. (GS.US) and JPMorgan Chase & Co. (JPM.US) are the lead underwriters for this IPO. The company plans to list on the Nasdaq Global Select Market under the ticker symbol "LIME".