Overview
- Lime, which priced its IPO on June 30 and began trading on Nasdaq under the ticker LIME on July 1, sold about 6.68–6.96 million shares at $25 each and raised roughly $167 million.
- Shares opened above the IPO price at about $27, valuing the company roughly between $1.6 billion and $1.7 billion on the public market debut.
- Uber, a strategic partner that integrates Lime vehicles into its app, signaled interest to buy up to $20 million of shares and remains a major revenue channel for the company.
- Lime said it will use roughly $115 million of the proceeds to pay down debt, but it remains unprofitable with a 2025 revenue of $886.7 million and a net loss of $59.3 million, and faces substantial near‑term liabilities that could require further financing.
- Investor demand was strong at about six times available shares but allocations were concentrated, with the top 10 buyers taking more than 75% of the deal, leaving the company exposed to concentrated ownership and the sector’s regulatory and operating risks.