Lime targets $2 billion valuation with planned Nasdaq debut

14:00

Lime, the American company known for its shared electric bikes and scooters, is preparing for a potential stock market debut on the NASDAQ with a target valuation estimated at around $2 billion.

Founded in 2017 and headquartered in San Francisco, the company has become a major player in urban micromobility. Its white bicycles and electric scooters, recognizable by their bright green branding, are now common in many international cities including Paris and London.

According to financial reports, Lime’s parent company, Neutron Holdings, recently filed documents for an initial public offering under the stock symbol “LIME.” The move reflects the company’s ambition to strengthen its position in a sector that has experienced rapid growth but also significant financial instability in recent years.

The micromobility industry faced serious challenges during the COVID-19 pandemic, when lockdowns and travel restrictions sharply reduced demand for short-distance urban transportation. At the same time, companies in the sector had to adapt to changing regulations in several cities and increased pressure from investors seeking profitability.

Lime itself experienced financial difficulties during that period. In 2020, the company secured major investments led by Uber, alongside support from Alphabet and Bain Capital. The agreement also allowed Lime to acquire Jump, Uber’s electric bike and scooter business.

Today, Uber remains one of Lime’s important shareholders, while Lime’s services continue to be integrated into Uber’s transportation application.

Financial data released ahead of ties. However, the company also reported increased net losses, highlighting the ongoing difficulty of balancing rapid expansion wihe planned IPO showed strong revenue growth in 2025, driven by the expansion of operations in around 230 cities across 29 countrth long-term profitability.

Despite these losses, Lime emphasized positive free cash flow and continued investment in infrastructure, technology, and marketing. The company believes that growing interest in sustainable urban transportation and environmentally friendly mobility solutions could support future growth.

Industry analysts consider Lime’s planned Nasdaq listing as an important test for the broader micromobility sector, which continues to search for stable business models after years of uncertainty.