Lime went public on Nasdaq at $25 a share, valuing the scooter operator near $1.7B

San Francisco-based operator of rental e-bikes and e-scooters in more than 230 cities worldwide, also offered inside the Uber app

A physical, dense-city micromobility business with Uber distribution can win public investors despite not yet being profitable

About $174M raised in the offering from about 7 million shares by the company and existing holders

Lime was founded in 2017 and first floated ambitions to go public in 2021. Its valuation fell from $2.4B in 2019 to about $510M in 2020 per media reports, as the pandemic hit micromobility; rivals Bird filed for bankruptcy protection while Tier and Dott merged.

Uber, Lime's biggest investor with a stake slightly above 20%, lists its scooters in the ride-hailing app, which gives Lime a significant chunk of revenue. For 2025 Lime posted a net loss of $59.3M on revenue of $886.7M. CEO Wayne Ting, who worked at Uber before Lime, says the biggest growth opportunity is adding vehicles in existing cities, which raises density and reliability, and new cities such as a Mexico City pilot timed for the World Cup.

Lime priced at $25 a share, opened at $27 and closed around $26 on its Nasdaq debut. An IPOX analyst described the reception as measured rather than euphoric.

The US IPO market had regained pace in 2026, drawing investors back to new listings

Lime had survived while rivals went bankrupt or merged

Uber's app distribution and 20%+ stake supply a large part of revenue

Management argues a physical transport service is hard for AI to replace

Lime's listing came after a long, bumpy road; it shows that survivors of a sector shakeout can reach public markets, but a net loss remains the test.

As of 2026-07-02 Lime was Nasdaq-listed at roughly $1.7B, still loss-making, with shares near $26 against a $25 IPO price. An analyst called the reception measured, not euphoric.