Neutron Holdings (Lime), which operates an e-scooter and e-bike rental platform across 230 cities globally, announced terms for its IPO on Monday.
The San Francisco, CA-based company plans to raise $174 million by offering 7 million shares (4% secondary) at a price range of $24 to $26. Uber has indicated on $20 million worth of shares in the offering (11.5% of the deal). At the midpoint of the proposed range, Lime would command a fully diluted market value of $1.8 billion.
Lime states that it is the largest global shared micromobility business. The company provides short-term rentals of e-scooters and e-bikes, operating in approximately 230 cities across 29 countries as of December 31, 2025. It served approximately 19 million riders in 2025, and its market share across both docked and dockless shared micromobility operators was approximately 27% across the countries it operated in, including 37% in the US. In the first quarter of 2026, Lime had 3.1 million monthly active users (+22% y/y).
Neutron Holdings (Lime) was founded in 2017 and booked $928 million in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol LIME. Goldman Sachs, J.P. Morgan, Jefferies, Evercore ISI, Citizens JMP, and KeyBanc Capital Markets are the joint bookrunners on the deal. It is expected to price the week of June 29, 2026.
