Lime has set the terms for its planned Nasdaq listing, seeking to raise up to $174 million as the shared micromobility operator moves closer to becoming a public company.
The San Francisco-based company, formally incorporated as Neutron Holdings, said it plans to offer around seven million shares priced between $24 and $26 each.
At the midpoint of the range, Lime would be valued at roughly $1.6 billion, below the approximate $2 billion valuation reported when the company first filed for an initial public offering in May.
The company expects to list on the Nasdaq under the ticker symbol “LIME” with pricing anticipated during the week beginning 29 June.
The IPO would mark the first major public market debut by a shared micromobility operator in several years. The filing states that shared micromobility “isn’t just viable but can be an essential component of urban life,” as the IPO looks set to provide investors with a rare test of market appetite for the sector.
Lime operates e-bike and e-scooter rental services in around 230 cities across 29 countries. The company reported revenue of $886.7 million in 2025, up 29% year on year, while net losses widened to $59.3 million from $33.9 million in 2024.
According to the updated prospectus, ride-hailing giant Uber has indicated interest in purchasing up to $20 million worth of shares in the offering. Uber is already Lime’s largest shareholder following a series of investments, including a $170 million funding round in 2020.
The latest filing provides further insight into how Lime intends to use the proceeds. A substantial portion is expected to be used to repay debt, including obligations due before the end of 2026.
In its IPO filing submitted in May, Lime disclosed approximately $846 million of liabilities due within the following 12 months and acknowledged that it did not then have sufficient liquidity to meet all of those obligations without additional financing. A vast majority of this burden consists of convertible debt that will automatically transform into equity shares upon the public listing, leaving $115 million in remaining cash obligations to be cleared.
The UK accounted for around 22% of the company’s revenue in 2025, making it one of Lime’s most important markets as policymakers continue to debate the long-term future of shared e-scooters.
While Lime has generated positive free cash flow for the past three years, it has yet to record an annual profit since its founding in 2017.
