Lime, the global company that offers short-term rentals of electric scooters and electric bikes, disclosed its plans for its IPO early today to raise $174 million, if priced at the mid-point of its range. Lime’s IPO is set for pricing next week. The San Francisco-based company serves customers in 29 countries and about 230 cities. The proposed stock symbol is LIME.
Uber has indicated an interest in buying up to $20 million of stock – or about 11.5 percent of the IPO, the prospectus said.
Uber entered into a license and integration agreement with Lime in May 2025. The license agreement runs through 2028. About 14 percent of Lime’s 2025 revenue was due to its license deal with Uber.
The company’s formal name is Neutron Holdings (LIME Proposed) – and it does business as Lime. Early today, Lime’s IPO was among three large deals launched after disclosing terms in SEC filings dated June 22, 2026. ITG, Inc. and Sinda also launched their IPOs today for pricing next week. The total dollar volume is $791 million for these three big IPOs, assuming pricing at the mid-point of the range for each deal.
Goldman Sachs and J.P. Morgan are the lead joint book-runners for Lime’s IPO. Jefferies, Evercore ISI, Citizens Capital Markets and KeyBanc Capital Markets are also joint book-runners. Needham & Company and William Blair round out the investment banking team.
Green Commute & Red Ink
Lime gives commuters a green option. But the company’s bottom line is awash in red ink. That’s typical for many start-ups when they go public.
Lime’s IPO consists of 6.96 million shares at a price range of $24.00 to $26.00 to raise $174 million, if priced at the $25.00 mid-point of its range. This is a NASDAQ listing.
At pricing, Lime would have a market cap of $1.6 billion.
Lime plans to use $115 million of the IPO’s proceeds to repay debt, the prospectus said.
Founded in 2017, Lime had 3.1 million monthly active users (MAUs) in the first quarter of 2026, according to the prospectus. Lime served about 19 million riders in 2025.
In the U.S., Lime has market share of about 37 percent. On a global basis, Lime has market share of about 27 percent, according to the prospectus.
Lime is not profitable: It reported a net loss of $64.6 million on revenue of $927.9 million for the 12 months that ended on March 31, 2026, according to the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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