Shared E-Scooter Operator Lime IPO Priced at $25 Per Share
Claire Weston
Shared-mobility company Lime priced its IPO at $25 a share, the midpoint of its range; revenue grew 29% but net losses nearly doubled — making the growth-versus-losses trade-off the key test when trading opens.
What are the deal terms?
Lime (parent Neutron Holdings) priced at $25 per share, the midpoint of the $24–$26 range.
The company sold 6.68 million shares; CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao sold a combined 276,700 shares.
Shares will trade on Nasdaq Global Select Market under the ticker "LIME", with Goldman Sachs and JPMorgan as joint lead bookrunners.
How do the financials look?
2025 revenue hit $886.7 million, up roughly 29% year-on-year — solid top-line growth.
Net loss, however, widened from $33.9 million to $59.3 million — nearly doubling.
This means → Lime is still in a "spend to grow" phase: every dollar of new revenue comes with a deeper loss attached.
What is the company worth, and who backs it?
Lime was valued at just $510 million in a 2020 round led by Uber; it first explored going public in 2021 but only reached IPO now.
Post-IPO, Uber is expected to hold about 22% of outstanding shares, down from 24% pre-offering, but still one of the largest shareholders.
Other major holders include an affiliate of Abu Dhabi-based Judan, Fidelity, and Andreessen Horowitz.
What will the market watch on day one?
One core variable: whether the revenue-up-but-losses-up-too financial structure can convince buyers.
In plain terms = a 29% revenue jump is the good news; a 75% widening of losses is the bad news — the two lines are moving in opposite directions, and investors must decide which one bends first.
Pricing at the midpoint signals underwriters read demand as lukewarm; opening-day trading will test whether that call was right.
Content is for reference only, not financial advice.