Uber Backed Lime Completes IPO, Achieving $1.6 Billion Valuation Amid Global Mobility Boom

Uber Backed Lime Completes IPO, Achieving $1.6 Billion Valuation Amid Global Mobility Boom​

Neutron Holdings Inc., operating globally as Lime, has successfully completed a US initial public offering (IPO), raising $174 million. The company, which specializes in short-term electric scooter and bike rentals, priced its shares at $25 each, falling within the marketed range of $24 to $26.

The IPO saw the sale of 6.68 million shares, giving Lime a market valuation of $1.6 billion based on outstanding shares mentioned in filings. This represents a significant jump from a $510 million valuation achieved during a 2020 investment round led by Uber.

Valuation and Market Expansion​

The successful public listing confirms the rapid scaling of the micro-mobility sector. Lime’s service infrastructure spans over 230 cities across five continents, serving diverse users from students in California to professional commuters in London.

These scooters and bicycles are central to modern urban transit, helping millions navigate their daily commutes. For instance, New Yorkers can unlock a Lime device for $1 and ride for between $0.45 and $0.50 per minute, according to the company website. The firm reported 3.8 million monthly active users last year.

Financial Performance and Operational Shift​

The financial filings highlight a trajectory of increasing revenue alongside operational challenges. In 2025, Lime recorded a net loss of $59.3 million against total revenues of $886.7 million. This marks an increase from the previous year's performance of a net loss of $33.9 million on $686.6 million in revenue.

These figures reflect the intense operational expenditure and growth costs inherent to building such a large-scale global mobility network. Despite the losses, the IPO positioned the company within established financial institutions. Goldman Sachs Group Inc. and JPMorgan Chase & Co. led the offering process.

Major Investor Stakeholders and Listing Details​

Uber Technologies Inc., a primary backer of the platform, is set to control 22% of the outstanding shares following the completion of the IPO, slightly less than its pre-IPO shareholding of 24%. Other substantial investors in Lime include an affiliate of Abu Dhabi investment firm Judan, Fidelity, and Andreessen Horowitz.

Shares are scheduled to trade on the Nasdaq Global Select Market beginning Wednesday under the ticker LIME. The offering provides a crucial capital injection as Lime continues to solidify its footprint across major global metropolitan areas.