Lime IPO: Uber-Backed Micromobility Co. Enters Public Market

Font: Financial Modeling Prep  • Jul 02, 2026

Lime (NASDAQ: LIME) IPO: Uber-Backed Micromobility Leader Enters Public Market

• Micromobility company Lime successfully completed its Initial Public Offering (IPO), raising approximately $167 million by selling 6.68 million shares at $25.00 each.
• Uber Technologies, Inc. (NYSE: UBER), Lime’s largest shareholder and key strategic partner, indicated interest in purchasing up to $20 million of additional Lime shares as part of the IPO.
• The IPO proceeds are important for Lime’s financial position, as the company previously disclosed substantial doubt about its ability to continue as a going concern without additional funding to help address nearly $1 billion in liabilities.

Lime (NASDAQ: LIME), formally known as Neutron Holdings, Inc., provides electric scooter and bike-sharing services in cities around the world. The company is backed by Uber Technologies, Inc. (NYSE: UBER), which has been one of Lime’s most important shareholders and strategic partners. After years of planning, Lime recently completed its IPO and began trading on the Nasdaq under the ticker symbol LIME.

As highlighted by TechCrunch and Reuters, Lime raised approximately $167 million in its IPO. The company sold 6.68 million shares at $25.00 per share, the midpoint of its expected $24.00 to $26.00 range. This pricing valued the company at roughly $1.66 billion.

Uber remains a major part of Lime’s investment story. Before the IPO, Uber owned about 14 million shares, representing roughly a 24% stake in the company. Lime also disclosed that Uber had indicated interest in purchasing up to $20 million of additional shares in the offering. At the $25.00 IPO price, that would equal approximately 800,000 shares if fully completed.

The relationship between Lime and Uber is also operational, not only financial. Many Lime users can rent scooters and bikes directly through the Uber app, giving Lime access to Uber’s large customer base and reducing the need for some customer acquisition costs. According to Lime’s prospectus, rides booked through Uber’s platform accounted for more than 14% of Lime’s revenue in 2025.

The IPO also came at an important time for Lime’s balance sheet. In its IPO filing, the company expressed substantial doubt about its ability to continue as a going concern without new funding. Lime said it needed the IPO proceeds to help address around $1 billion in liabilities, with more than half due by the end of 2026, though some of the obligations were convertible debt.

Overall, Lime’s IPO marks a major milestone for the micromobility sector. The company has built meaningful scale and improved revenue, but investors will likely continue to watch its debt obligations, profitability, dependence on Uber, and ability to compete in a capital-intensive market.