Lime, the electric scooter and e-bike rental company, filed an amended IPO registration statement with the U.S. Securities and Exchange Commission on Monday, seeking to raise as much as $180.9 million at a valuation of up to $1.8 billion.
An additional 276,731 shares will be sold by existing shareholders, a group that includes CEO Wayne Ting, president Joseph Kraus, and co-founder Brad Bao. The company, registered under the legal name Neutron Holdings Inc., has put 6,679,791 shares on offer at a price range of $24 to $26. The company has applied to list on the Nasdaq $NDAQ Global Select Market under the ticker symbol "LIME."
Entities affiliated with Uber $UBER Technologies have indicated an interest in purchasing up to $20 million in shares at the IPO price on the same terms as other buyers in the offering, the company said. The indication is not a binding commitment, and Uber may purchase more, fewer, or no shares. Uber will be subject to a lock-up agreement that restricts sales or transfers of shares it holds, with staggered releases over two years from the date of the prospectus.
Goldman Sachs $GS, J.P. Morgan, and Jefferies are among the underwriters for the offering, according to Reuters. Lime intends to use approximately $115 million of the net proceeds to repay its outstanding senior secured term loan, with the remainder going toward general corporate purposes, the company said.
Lime, which filed its initial IPO prospectus last month, operates a fleet of e-scooters and e-bikes available for short-term rental in approximately 230 cities spanning 29 countries. Revenue grew to $886.7 million in 2025 from $686.6 million the prior year, though the company recorded a net loss of $59.3 million in 2025 compared with a net loss of $33.9 million in 2024.
Lime's relationship with Uber has been central to its business. Through an exclusivity agreement, Lime vehicles appear as a booking option inside the Uber app in nearly all markets where the two companies operate together, and the Uber channel accounted for 14.3% of Lime's total revenue in 2025. A 2019 funding round had put Lime's valuation at $2.4 billion, but that figure tumbled to $510 million by 2020, the year Uber spearheaded an investment in the company, according to Bloomberg.
Substantially concurrently with the closing of the IPO, Lime also intends to enter into a $200 million syndicated senior secured revolving credit facility with JPMorgan $JPM Chase Bank as administrative agent, the company said.