Lime raises $167 million in Nasdaq IPO at $25 per share

The electric scooter and bike rental company Lime raised $167 million in its initial public offering on June 30, 2026, pricing its shares at $25 each. The company, formally known as Neutron Holdings, will begin trading on the Nasdaq Global Select Market under the ticker symbol LIME.

The pricing landed at the midpoint of the marketed range of $24 to $26 per share. Lime sold 6.68 million shares in the offering. The IPO attracted strong institutional demand, with investor appetite reportedly reaching approximately six times the number of shares available. The allocation was heavily concentrated, with the ten largest investors securing more than 75% of the shares.

Founded in 2017 and based in San Francisco, Lime operates short-term rentals of electric bikes and scooters in more than 230 cities worldwide. The company's financial performance shows significant revenue growth alongside widening losses. Its revenue for 2025 reached $886.7 million, a nearly 30% increase from the previous year. However, its net loss also expanded, growing to $59.3 million from $33.9 million in 2024.

A key element of Lime's business is its strategic partnership with Uber. The ride-hailing giant, which led a...