"Lime, the Uber-backed shared scooter and e-bike operator, filed for a US IPO on Friday under its corporate name Neutron Holdings. The San Francisco-based company plans to list on Nasdaq under the ticker LIME. Goldman Sachs and JPMorgan are leading the syndicate. Pricing terms, share count, and target valuation were not disclosed in the initial filing."
"The S-1 lands at the end of a quiet stretch. The IPO market reopened in March after the spring slowdown that followed Middle East tensions and equity-market volatility, and a queue of AI-infrastructure, defence, and biotech filers has worked through it. Lime is the first significant urban-mobility name to test public-market appetite since 2018, when its peers Bird and Uber's Jump unit attracted the last big micromobility valuations."
"The category Lime is opening up has a graveyard. Bird filed for Chapter 11 in December 2023 after misstating ridership revenue and burning through its SPAC cash. Tier laid off 22% of its workforce in 2024 before merging with Dott. Spin shut down. Voi reached EBITDA-positive in 2022 but has not gone public."
"Lime's filing is a different proposition. The company reported $686m in 2024 revenue, up 32% year-on-year, and posted positive free cash flow for the second consecutive year. Lime says it now operates in 280 cities across roughly 30 countries, and that it served more"
Lime, a shared scooter and e-bike operator based in San Francisco, is preparing to go public under the name Neutron Holdings and plans to list on Nasdaq under the ticker LIME. Goldman Sachs and JPMorgan are joint book-runners. The initial filing did not disclose pricing terms, share count, or target valuation. The filing arrives after a quieter IPO period and follows a reopening of the market in March. Lime is the first major urban-mobility company to seek public-market funding since 2018. The shared micromobility category has faced failures, layoffs, shutdowns, and Chapter 11 filings. Lime reports $686 million in 2024 revenue, up 32% year-on-year, and positive free cash flow for the second consecutive year, with operations across 280 cities in about 30 countries.
Read at TNW | Finance
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