MarketsJun 22, 2026
Electric Scooter Firm Lime Targets Public Market Debut
Rhea Lobo
Lime, the electric scooter and bike rental company backed by Uber Technologies, officially filed for a US IPO on Monday, pricing shares between $24 and $26 each.
Lime has applied to list on the Nasdaq Global Select Market under the ticker.
Goldman Sachs and JPMorgan Chase are leading the offering, with Jefferies and several other banks acting as additional bookrunners.
Uber currently holds a 24.4% stake in Lime and has indicated an interest in buying up to $20M worth of stock in the offering.
The two companies already have a commercial partnership: Lime vehicles appear as a ride option inside the Uber app across nearly all of their shared markets.
That relationship traces back to 2020, when Uber led a funding round that valued Lime at $510M.
That figure was a steep drop from Lime's 2019 valuation of $2.4B. The company first explored an IPO in 2021 but did not proceed.
Lime posted revenue of $886.7M in 2025, up from $686.6M the year before. It recorded a net loss of $59.3M in 2025, wider than the $33.9M loss in 2024. The company has reported a net loss in every year since it was founded in 2017.
Monthly active users reached 3.8M in 2025, growing more than 20% year-over-year. The firm operates across roughly 230 cities in 29 countries, from Sacramento to Sydney.
IPOX Research Associate Lukas Muehlbauer offered a mixed read on the deal, saying the valuation does not look excessive because Lime is already large, global, and cash-generative.
"The stock may still trade at a discount, because the business is seasonal, regulated, asset-heavy, and exposed to city-level permit risk," Muehlbauer added.
At the $25 midpoint, Lime expects net proceeds of roughly $141.6M, rising to around $165.8M if underwriters exercise their overallotment option to buy an additional 1.04M shares. Lime will not receive proceeds from shares sold by existing stockholders.
