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Uber-backed Lime lists on Nasdaq in rare micromobility IPO

Uber-backed Lime lists on Nasdaq in rare micromobility IPO

Money Moves

Scooter and e-bike operator raises about $174 million to pay down debt as Uber anchors the offering

Yesterday: Lime debuts on the Nasdaq

Overview

Lime went public on the Nasdaq on July 1, 2026. The e-bike and scooter operator priced its shares at $25, raising about $174 million and valuing the company near $1.6 billion.

The listing is a rare public-market test for shared micromobility, a business that has burned through cash and buried rivals. Lime needs the money for a reason: it owes about $846 million to lenders within a year and warned it cannot repay them without the IPO.

Why it matters

Lime's debut tests whether shared scooters and e-bikes can be a real public business, after the sector wiped out billions in investor money.

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Key Indicators

$174M
Raised in IPO
Proceeds from selling about 7 million shares at $25 each.
$1.63B
Market value
Implied valuation at the $25 offering price.
$846M
Debt due within a year
Loans Lime must repay or refinance, against $261 million in cash.
21.9%
Uber's stake after IPO
Down from 24.4%; Uber remains the largest shareholder.
$886.7M
2025 revenue
Up 29% from 2024, though the company posted a net loss.

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People Involved

Wayne Ting
Wayne Ting
Leading the company through its Nasdaq debut
 Dara Khosrowshahi
Dara Khosrowshahi
Runs Lime's largest shareholder

Organizations Involved

Lime (Neutron Holdings Inc.)
Lime (Neutron Holdings Inc.)
Micromobility operator
Newly public on the Nasdaq under ticker LIME

Lime runs shared electric bikes and scooters in about 230 cities across 29 countries.
UT
Uber Technologies
Ride-hailing company
Largest Lime shareholder and IPO anchor

Uber owns about 22% of Lime and lists Lime vehicles inside its own app.

Timeline

January 2017 July 2026

6 events Latest: Yesterday
Tap a bar to jump to that date

  1. Lime debuts on the Nasdaq

    Latest Market

    Lime begins trading under the ticker LIME, one of the few shared micromobility firms to reach public markets. Uber remains its largest shareholder.

  2. Shares priced at $25

    Financing

    Lime prices its IPO at $25, the midpoint of its range, raising about $174 million and valuing the company near $1.63 billion.

  3. Lime files to go public

    Legal

    Lime submits its IPO prospectus to regulators. The filing shows growing revenue, a going-concern warning, and $845.8 million in debt due within a year.

  4. Bird files for bankruptcy

    Sector

    Rival Bird enters Chapter 11 and is later sold for about $145 million, down from a $2.5 billion peak. Lime, by contrast, reports its first full-year profit.

  5. Uber leads pandemic rescue

    Financing

    With cities locked down, Uber leads a funding round in Lime and folds its Jump bike unit into the company. Wayne Ting becomes CEO.

  6. Lime launches

    Origin

    The company starts renting shared bikes, then adds electric scooters as the micromobility boom takes off.

Historical Context

3 moments from history that rhyme with this story — and how they unfolded.

December 2023

Bird's collapse (2023)

Bird, once Lime's biggest rival and valued near $2.5 billion, filed for Chapter 11 bankruptcy. It was later sold for about $145 million. Other operators, including Superpedestrian and Helbiz, exited or were delisted the same year.

Then

The shared scooter sector shrank fast, and investors soured on the whole category.

Now

Survivors like Lime shifted to durable vehicles and tighter costs, treating the business as a utility rather than a growth story.

Why this matters now

Lime's IPO is the flip side of Bird's failure. It tests whether the survivor's slower, cheaper model can win over public investors the market once burned.

May 2019

Uber's IPO (2019)

Uber went public at $45 a share, then dropped below its offering price on day one. The ride-hailing giant carried huge losses and faced doubts about whether its model could ever profit.

Then

The stock traded below its IPO price for months, and skeptics questioned the gig-economy business.

Now

Uber cut costs, reached profitability years later, and its stock recovered. It is now the anchor investor in Lime.

Why this matters now

Uber shows that a money-losing mobility company can survive a rocky debut and turn a profit. Lime is betting on the same arc, with Uber cheering it on.

March 2019

Lyft's post-IPO slide (2019)

Lyft went public just before Uber, priced at $72, and fell steadily as investors worried about its path to profit in a two-player ride-hailing market.

Then

The stock lost much of its value in the year after listing.

Now

Lyft eventually trimmed losses but never regained its IPO price for years, a caution about mobility hype meeting public scrutiny.

Why this matters now

Lyft is the warning case. A strong brand and real revenue did not shield it from a long slide, the risk Lime now faces at $25 a share.

Sources

(6)
Bloomberg The Next Web Fast Company StockTitan TechCrunch Smart Cities Dive