Uber-backed Lime prices IPO at $25 to raise $174 million
Neutron Holdings priced its IPO of 6.96 million shares at $25.00 to raise $174 million, with shares trading on Nasdaq from July 1 under the ticker LIME.
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Neutron Holdings, Inc. (Lime), the largest global shared micromobility business backed by Uber, has priced its initial public offering (IPO) of 6,956,522 shares of common stock at $25.00 per share to raise approximately $174 million. The offering comprises 6,679,791 shares offered by Lime and 276,731 shares offered by certain existing stockholders, with the company not receiving any proceeds from the sale of shares by the Selling Stockholders. Additionally, Lime has granted the underwriters a 30-day option to purchase up to an additional 1,043,478 shares at the IPO price, less underwriting discounts and commissions.
The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "LIME" on July 1, 2026. The offering is anticipated to close on July 2, 2026, subject to customary closing conditions. A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission.
Key Offering Details
| Component | Details |
|---|---|
| Total shares offered | 6,956,522 |
| Shares offered by Lime | 6,679,791 |
| Shares offered by Selling Stockholders | 276,731 |
| IPO price per share | $25.00 |
| Underwriters' option | Up to 1,043,478 additional shares |
| Trading start date | July 1, 2026 |
| Expected closing date | July 2, 2026 |
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering. Jefferies is serving as a book-running manager, while Evercore ISI, Citizens Capital Markets, KeyBanc Capital Markets, Needham & Company, and William Blair are acting as additional bookrunners.
Lime partners with cities to deploy e-bikes and e-scooters for shorter distance trips, aiming to provide sustainable transport options. The company has powered more than 1 billion rides across five continents, promoting clean alternatives to car ownership.
How will Lime utilize the approximately $167 million in net proceeds to scale operations or improve technology?
Will the IPO valuation influence other major micromobility companies to pursue public listings in the near future?
What are the expected post-IPO growth strategies for Lime to expand into new untapped markets?
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