Lime Files for Nasdaq IPO Under LIME Ticker
May 8, 2026 – 10:48 am
The San Francisco scooter-and-e-bike operator goes public as Neutron Holdings with Goldman Sachs and JPMorgan as joint book-runners. $686m in 2024 revenue and two consecutive years of free cash flow give it a financial profile that the rest of the category never reached.
Lime, the Uber-backed shared scooter and e-bike operator, filed for a US IPO on Friday under its corporate name Neutron Holdings. The 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.
The narrative attached to shared scooters in 2018 was hyper-growth, low margins, and a regulatory ceiling. By 2024, two of those three had been priced out of the model.
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 claims to operate in 280 cities across roughly 30 countries, serving more than 24 million riders in 2024.
Profit growth, on the company’s own characterisation, outpaced revenue growth. None of those data points individually proves a public-market case, but together they do something the rest of micromobility never managed: deliver a financial profile that public investors can underwrite without having to invent a TAM story.
Wayne Ting has been chief executive since May 2020, when he took over from Brad Bao after Lime’s pandemic-era restructuring.
The current operating model concentrates on contracts with cities (which buy permits or limit fleet sizes), in-house fleet maintenance, and integration with the Uber app, which now lists Lime in over 55 cities globally. Both pieces matter for the equity story: regulatory durability and a partner-driven distribution channel.
Uber’s stake dates to 2020, when it invested in Lime at a $510m post-money valuation as part of a $170m round, and divested its own Jump bike-and-scooter business into Lime in the same transaction. The IPO marks the first opportunity for Uber to mark its position to a public price.