Lime, the Uber-backed electric bike and scooter rental company, filed for an initial public offering on Friday with the U.S.
Securities and Exchange Commission, seeking a listing on the Nasdaq Global Select Market under the ticker symbol “LIME.” The company, incorporated as Neutron Holdings Inc., According to Bloomberg, the Financial Times put the targeted valuation at roughly $2 billion, based on people with knowledge of the plans
If achieved, the $2 billion target would represent a steep climb from the $510 million mark assigned to the company during Uber’s 2020 investment, while still falling short of the $2.4 billion peak Lime reached in 2019. Revenue climbed to $886.7 million in 2025, reflecting gains over the $686.6 million recorded in 2024 and the $521 million posted in 2023. Despite the revenue growth, losses deepened, with the net loss for 2025 reaching $59.3 million against $33.9 million the prior year.
On the cash side, the 2025 figure of $104 million extended a streak of positive free cash flow to three straight years, per the filing. The underwriting syndicate includes Goldman Sachs, JPMorgan, and Jefferies, with the first two banks at the front of the deal, Reuters reported. The company did not disclose terms of the offering in its filing.