Lime Prices $174 Million IPO at $1.6 Billion Valuation

Neutron Holdings Inc., better known as Lime, has raised $174 million in a US IPO alongside some existing shareholders, pricing its shares at $25 each. That came at the midpoint of the marketed $24-to-$26 range, giving the Uber Technologies Inc. NYSE:UBER-backed scooter and bike rental company a market value of about $1.6 billion based on its filings.

Lime sold 6.68 million shares in the offering, while CEO Wayne Ting, President Joseph Kraus and Co-Founder Brad Bao sold 276,731 shares. The listing marks a major step for a company that was valued at $510 million in a 2020 investment round led by Uber and had first considered going public in 2021.

The company's green scooters and bikes are now available in more than 230 cities across five continents, with 3.8 million monthly active users last year. Lime reported a 2025 net loss of $59.3 million on revenue of $886.7 million, while Uber is expected to control 22% of outstanding shares after the IPO, as Lime begins trading Wednesday on the Nasdaq Global Select Market under the ticker LIME.