Lime raised $167 million in its IPO, pricing shares at $25 and opening at $27, valuing the company at $1.63 billion.
Lime shares began trading at $27 on Wednesday, following an IPO priced at $25 per share. The company sold 6.96 million shares, raising approximately $167 million. Proceeds will partly repay debt, with underwriters holding an option to purchase additional shares at the IPO price.
The IPO priced at the midpoint of its $24 to $26 range, reflecting investor demand. Lime’s post-IPO market capitalization stands at $1.63 billion, based on 65.1 million shares outstanding. The company reported 29% top-line growth in 2025 and free cash flow positivity over the past three years.
Lime operates in over 230 cities across five continents, offering e-bikes and e-scooters. The stock rose roughly 10% in early trading, signaling initial market optimism.