- Uber-backed micromobility company Lime has filed for a Nasdaq IPO under the ticker LIME, with Goldman Sachs and JPMorgan leading the offering.
- The filing reveals strong top-line growth but ongoing profitability challenges, with 2025 revenue rising 29% to $886 million while net losses widened to $59.3 million.
- Uber remains Lime’s largest shareholder with a stake of more than 10%, and integration with the Uber app generated 14% of Lime’s total revenue last year.
Uber-backed micromobility company Lime has filed for a Nasdaq IPO under the ticker LIME. Parent company Neutron Holdings submitted its S-1 filing on Friday, with Goldman Sachs and JPMorgan leading the offering. The company has not disclosed the size or pricing of the IPO.
Founded in 2017 by Brad Bao and Toby Sun, Lime operates dockless electric bikes and scooters across around 230 cities in 29 countries. Its bright green vehicles have become common across cities, including London and Paris, where demand for short-distance urban transport has continued to grow.
The filing shows strong revenue growth but continued pressure on profitability. Lime’s revenue rose 29% year-on-year in 2025 to $886 million, while net losses widened 75% to $59.3 million.
The IPO comes as the micromobility industry attempts to recover from years of financial strain and regulatory scrutiny. Many operators struggled with high operating costs, parking complaints, and restrictions from city authorities during the sector’s rapid expansion. Rival Bird, once valued at more than $2 billion, filed for bankruptcy in 2023 after heavy losses.
Lime has also seen a sharp decline in valuation over the years. The company raised $310 million at a $2.4 billion valuation in 2019. However, during the pandemic, Lime secured $170 million at a valuation of about $510 million in a funding round led by Uber, with backing from Alphabet and Bain Capital.
That 2020 deal also included Lime’s acquisition of Uber’s Jump e-bike and scooter business. Uber currently owns more than 10% of Lime, according to the filing. Lime’s integration with Uber’s app generated about 14% of its total revenue last year, underlining the importance of the partnership.
The company is led by former Uber executive Wayne Ting, who oversaw Lime’s recovery after the pandemic forced the suspension of rides across nearly two dozen countries. Andreessen Horowitz is Lime’s second-largest shareholder after Uber, with a stake of more than 5%.
Lime competes with operators including Voi, UK-based Forest, and Lyft-owned Motivate, which runs New York’s Citi Bike service. Unlike station-based bike-sharing systems, Lime’s dockless model has faced criticism over cluttered pavements and unsafe parking.
Despite those concerns, the IPO could signal renewed investor confidence in the future of shared electric transport.
