Lime, the Uber-backed micromobility company, files for IPO
After years of hints and preparation, the Uber-backed electric bike and scooter rental startup Lime has filed for an initial public offering.
The company, which is incorporated as Neutron Holdings Inc., has eyed the public markets for at least five years. CEO Wayne Ting last spoke told TechCrunch in 2023 about the prospect of an IPO, noting at the time that Lime had the the economics, the growth, and the profitability to take the startup public. All that was required was proper market conditions.
That day has apparently arrived.
The company intends to list on Nasdaq under the ticker symbol “LIME.” Lime did not share terms of the offering, which was filed Friday with the U.S. Securities and Exchange Commission.
Lime’s IPO filing shows a company with growing revenue, but not yet profitability. The company generated $521 million in revenue in 2023, $686.6 million in 2024, and $886.7 million last...
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