Overview
- Lime, operating as Neutron Holdings Inc., filed an amended S-1 and is in an IPO roadshow seeking to sell 6,679,791 shares at $24 to $26 to raise up to $180.9 million and list on Nasdaq under the ticker LIME.
- The company plans to use about $115 million of net proceeds to repay its senior secured term loan and has named Goldman Sachs, J.P. Morgan and Jefferies as lead underwriters.
- Lime has disclosed an intended $200 million syndicated revolving credit facility with JPMorgan Chase as administrative agent to provide additional liquidity concurrent with the IPO closing.
- Entities affiliated with Uber have indicated nonbinding interest in buying up to $20 million of IPO shares and Uber remains a major partner and shareholder that accounted for about 14.3% of Lime’s 2025 revenue.
- Lime reported $886.7 million in 2025 revenue and a $59.3 million net loss while holding roughly $1 billion in current liabilities with about $675.8 million due by end‑2026, so the IPO will cover only a small portion of near‑term obligations and likely prompt further financing or restructuring that will influence investor appetite for micromobility stocks.