{"id":2797,"date":"2026-06-22T16:38:38","date_gmt":"2026-06-22T16:38:38","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=2797"},"modified":"2026-06-22T16:38:38","modified_gmt":"2026-06-22T16:38:38","slug":"uber-backed-electric-bike-firm-lime-seeks-180-9-million-in-ipo","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=2797","title":{"rendered":"Uber-backed electric bike firm lime seeks $180.9 million in IPO"},"content":{"rendered":"<div>\n<div>\n<p><strong>By Jordan Fitzgerald, Bloomberg<\/strong><\/p>\n<p>Lime, the electric bike and scooter rental firm backed by Uber Technologies Inc., and it shareholders are seeking to raise as much as $180.9 million in its US initial public offering.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=2795\">Bay Area man accused of setting RV ablaze during hourslong police standoff<\/a><\/p>\n<p>The company, formally known as Neutron Holdings Inc., is offering 6.7 million million shares for $24 to $26 each, according to a filing on Monday with the US Securities and Exchange Commission. Selling shareholders plan to sell a further 276,731 shares. The stockholders selling shares include chief executive officer Wayne Ting, president Joseph Kraus and co-founder Brad Bao.<\/p>\n<p>At the top of that range, Lime would have a market value of $1.7 billion, based on the outstanding shares in its filing.<\/p>\n<p>Through Lime, customers can check out short-term electric bike and scooter rentals. Its distinctive green mobility devices can be found in more than 230 cities from Sacramento to Sofia to Sydney. Londoners rushed to Lime\u2019s e-bikes and e-scooters during last year\u2019s Tube strike.<\/p>\n<p>\u201cLime was founded on a simple but radical idea: people and cities deserve a future where transportation is shared, affordable and carbon-free,\u201d Chief Executive Officer Wayne Ting said in a letter to prospective investors in the filing.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=2793\">North Bay beekeepers battle climate swings to continue legacy of honeymaking<\/a><\/p>\n<p>The San Francisco-based micromobility firm was previously valued at $510 million in 2020, when Uber led an investment round with participation from Alphabet Inc.\u2019s Google Ventures and Bain Capital Ventures. The figure marked a steep fall-off from a 2019 funding round that valued the firm at $2.4 billion. Lime first considered IPO plans back in 2021.<\/p>\n<p>The company saw 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 the filing. Lime saw 3.8 million monthly active users in 2025, which marked more than 20% of growth year-over-year.<\/p>\n<div>\n<\/div>\n<p>Goldman Sachs Group Inc. and JPMorgan Chase &amp; Co. are leading the IPO. The company expects the shares to trade on the Nasdaq Global Select Market under the ticker LIME.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=2788\">Marine layer will keep Bay Area heat-up to a minimum<\/a><\/p>\n<p>More stories like this are available on bloomberg.com<\/p>\n<p>\u00a92026 Bloomberg L.P.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lime, the electric bike and scooter rental firm backed by Uber Technologies Inc., and it shareholders are seeking to raise as much as $180.9 million in its US initial public offering.<\/p>\n","protected":false},"author":1,"featured_media":2796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Uber-backed electric bike firm lime seeks $180.9 million in IPO - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=2797\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber-backed electric bike firm lime seeks $180.9 million in IPO - Next City Digest\" \/>\n<meta property=\"og:description\" content=\"Lime, the electric bike and scooter rental firm backed by Uber Technologies Inc., and it shareholders are seeking to raise as much as $180.9 million in its US initial public offering.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nextcitydigest.com\/?p=2797\" \/>\n<meta property=\"og:site_name\" content=\"Next City Digest\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-22T16:38:38+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\"},\"headline\":\"Uber-backed electric bike firm lime seeks $180.9 million in IPO\",\"datePublished\":\"2026-06-22T16:38:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797\"},\"wordCount\":378,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ecf513edaceb9c4eb59623bae32af8a5.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797\",\"name\":\"Uber-backed electric bike firm lime seeks $180.9 million in IPO - Next City Digest\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ecf513edaceb9c4eb59623bae32af8a5.webp\",\"datePublished\":\"2026-06-22T16:38:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#primaryimage\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ecf513edaceb9c4eb59623bae32af8a5.webp\",\"contentUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ecf513edaceb9c4eb59623bae32af8a5.webp\",\"width\":1024,\"height\":777},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=2797#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nextcitydigest.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uber-backed electric bike firm lime seeks $180.9 million in IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#website\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/\",\"name\":\"Next City Digest\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nextcitydigest.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/nextcitydigest.com\"],\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uber-backed electric bike firm lime seeks $180.9 million in IPO - Next City Digest","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nextcitydigest.com\/?p=2797","og_locale":"en_US","og_type":"article","og_title":"Uber-backed electric bike firm lime seeks $180.9 million in IPO - Next City Digest","og_description":"Lime, the electric bike and scooter rental firm backed by Uber Technologies Inc., and it shareholders are seeking to raise as much as $180.9 million in its US initial public offering.","og_url":"https:\/\/nextcitydigest.com\/?p=2797","og_site_name":"Next City Digest","article_published_time":"2026-06-22T16:38:38+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nextcitydigest.com\/?p=2797#article","isPartOf":{"@id":"https:\/\/nextcitydigest.com\/?p=2797"},"author":{"name":"admin","@id":"https:\/\/nextcitydigest.com\/#\/schema\/person\/13065d40d633843429ac57d4e5c06f9b"},"headline":"Uber-backed electric bike firm lime seeks $180.9 million in IPO","datePublished":"2026-06-22T16:38:38+00:00","mainEntityOfPage":{"@id":"https:\/\/nextcitydigest.com\/?p=2797"},"wordCount":378,"commentCount":0,"image":{"@id":"https:\/\/nextcitydigest.com\/?p=2797#primaryimage"},"thumbnailUrl":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/06\/ecf513edaceb9c4eb59623bae32af8a5.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nextcitydigest.com\/?p=2797#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nextcitydigest.com\/?p=2797","url":"https:\/\/nextcitydigest.com\/?p=2797","name":"Uber-backed electric bike firm lime seeks $180.9 million in IPO - Next City Digest","isPartOf":{"@id":"https:\/\/nextcitydigest.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nextcitydigest.com\/?p=2797#primaryimage"},"image":{"@id":"https:\/\/nextcitydigest.com\/?p=2797#primaryimage"},"thumbnailUrl":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/06\/ecf513edaceb9c4eb59623bae32af8a5.webp","datePublished":"2026-06-22T16:38:38+00:00","author":{"@id":"https:\/\/nextcitydigest.com\/#\/schema\/person\/13065d40d633843429ac57d4e5c06f9b"},"breadcrumb":{"@id":"https:\/\/nextcitydigest.com\/?p=2797#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nextcitydigest.com\/?p=2797"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nextcitydigest.com\/?p=2797#primaryimage","url":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/06\/ecf513edaceb9c4eb59623bae32af8a5.webp","contentUrl":"https:\/\/nextcitydigest.com\/wp-content\/uploads\/2026\/06\/ecf513edaceb9c4eb59623bae32af8a5.webp","width":1024,"height":777},{"@type":"BreadcrumbList","@id":"https:\/\/nextcitydigest.com\/?p=2797#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nextcitydigest.com\/"},{"@type":"ListItem","position":2,"name":"Uber-backed electric bike firm lime seeks $180.9 million in IPO"}]},{"@type":"WebSite","@id":"https:\/\/nextcitydigest.com\/#website","url":"https:\/\/nextcitydigest.com\/","name":"Next City Digest","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nextcitydigest.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nextcitydigest.com\/#\/schema\/person\/13065d40d633843429ac57d4e5c06f9b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/nextcitydigest.com"],"url":"https:\/\/nextcitydigest.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/posts\/2797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2797"}],"version-history":[{"count":0,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/posts\/2797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=\/wp\/v2\/media\/2796"}],"wp:attachment":[{"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nextcitydigest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}