Key Points
- Lime raised $174 million in its Nasdaq IPO, valuing the company near $1.6 billion.
- The e-scooter and e-bike operator priced shares at $25, the midpoint of a $24-to-$26 range.
- Uber, which drove 14% of Lime's 2025 revenue, bought $20 million in stock.
- Lime posted a $64.6 million net loss on $927.9 million in revenue over the past year.
Lime, the Uber-backed e-scooter and e-bike company, raised $174 million in its Nasdaq initial public offering, pricing at $25 a share — the midpoint of a $24-to-$26 range, Bloomberg News reported. The company, formally Neutron Holdings, sold about 6.7 million shares, giving it a market value of about $1.6 billion.
Uber, Lime's largest partner and the source of 14% of its 2025 revenue, bought $20 million of stock in the offering. Lime operates across roughly 230 cities and served about 19 million riders in 2025, but it remains unprofitable, posting a $64.6 million net loss on $927.9 million in revenue for the 12 months ended March 31, 2026.
The listing tests whether shared micromobility — a business that has burned through capital for a decade — can stand on the public markets. It arrives in a reopening IPO window that has already carried Gemini onto the Nasdaq and pushed Anthropic toward a filing — with Uber deepening its bet on the scooters and bikes that feed riders into its app.
Uber also put $100 million into a company founded by its own co-founder — Atoms, which named former Uber finance chief Gautam Gupta as CFO in August.
Source: Bloomberg via Yahoo Finance, CNBC.
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