Uber (UBER)-backed electric bike and scooter rental firm Lime is pedaling towards the Big Apple after filing for a New York IPO.
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Global Shared Micromobility
The San Francisco-based micromobility company, incorporated as Neutron Holdings, intends to list its common stock on the Nasdaq under the ticker symbol “LIME.” Goldman Sachs (GS) and J.P. Morgan (JPM) are acting as lead book-running managers for the offering.
The company, which says it is the largest global shared micromobility business, provides “convenient and reliable” short-term rentals of lime-colored electric bikes and scooters in more than 230 cities in nearly 30 countries on five continents. These include London, New York and Tel Aviv.
Lime was previously valued at $510 million in 2020 when Uber led the investment round. Alphabet’s (GOOGL) Google Ventures and Bain Capital Ventures also took part in the round. However, this was quite the crash from 2019 when a funding round valued Lime at $2.4 billion.
Users Keep Growing
Despite this, Lime is continuing to pedal up higher revenues and an increased user base. Lime had 3.8 million monthly active users in 2025, up 21% from a year earlier.
Last year for the first time ever, riders took more than 1 million Lime rides globally in a single day on Friday, May 30th. In London, it has seen usage spike during recent Tube strikes.
It had a net loss of $59.3 million on revenue of $886.7 million in 2025, compared to a net loss of $33.9 million on $686.6 million of revenue a year earlier, according to its filing with the U.S. Securities and Exchange Commission.
It did not indicate how many shares it was looking to sell in the IPO.
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