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17h ago

Lime Files for U.S. IPO, Plans Nasdaq Listing Under 'LIME'

The move gauges investor appetite for a scaled micromobility operator still working toward profitability.

A row of e-scooters on the first day of an e-scooter rental trial in the Kensington and Chelsea district of London, U.K., on Monday, June 7, 2021. Transport for London and London Councils started the trial on June 7, with operators Dott, Lime and TIER, according to an emailed statement. Photographer: Jason Alden/Bloomberg via Getty Images
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Overview

  • Lime, which filed Friday with the SEC as Neutron Holdings Inc., plans to list on Nasdaq under the ticker LIME.
  • Revenue rose to $886.7 million in 2025, and free cash flow reached $104 million, marking a third straight positive year.
  • The company remains unprofitable, reporting net losses of $122.3 million in 2023, $33.9 million in 2024, and $59.3 million in 2025.
  • About 14.3% of 2025 revenue came through Lime’s exclusive partnership with Uber, which features Lime rides inside the Uber app.
  • Lime operates in about 230 cities across 29 countries, and it says IPO proceeds will fund operations and repay debt, with Goldman Sachs, J.P. Morgan, and Jefferies among the underwriters.