Lime prices IPO at $25 per share, lands at midpoint of expected range

Lime, the electric scooter and bike-sharing company, has priced its initial public offering at $25 per share. That lands squarely at the midpoint of its $24 to $26 range.

The company, formally incorporated as Neutron Holdings, is set to trade on the Nasdaq under the ticker symbol LIME, with trading expected to begin around July 1, 2026.

The numbers behind the offering

Lime is offering approximately 6.96 million shares in the deal. At $25 per share, that puts the company’s post-IPO market capitalization at roughly $1.63 billion, based on an estimated 65.1 million shares outstanding after the offering.

Net proceeds are expected to land somewhere between $142 million and $166 million, depending on whether underwriters exercise their overallotment option in full.

The company has indicated that approximately $115 million of the proceeds will go toward paying down debt. The rest gets filed under the familiar corporate catch-all of “general corporate purposes.”

Uber’s role as both partner and investor

Uber has expressed interest in purchasing up to $20 million in shares from the offering. Revenue from Lime’s partnership with Uber accounted for roughly 14% of the company’s total in recent periods. The Uber integration allows millions of people to use the Uber app to find and unlock Lime scooters and bikes.

What Lime actually looks like as a business

Founded in 2017, Lime operates in approximately 230 cities across 29 countries. The company reported around 19 million riders in 2025.

The company positions itself as more than just a scooter rental service. Its pitch to investors emphasizes proprietary hardware, custom software, operational logistics, and regulatory expertise.

Lime initially filed its S-1 registration statement in May 2026, then amended it in June to disclose specific pricing terms.

Bird, once Lime’s most prominent rival, went public via SPAC in 2021 and eventually filed for bankruptcy. Spin was acquired by Ford and then sold. Superpedestrian shut down entirely.

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