Lime

Last updated: July 2, 2026
Ticker
LIME
Exchange
NYSE
IPO Date
Pending
Price Range
$24.00 - $26.00
Deal Size
$174 million
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Company Snapshot

Lime is the largest global shared micromobility business, providing short-term rentals of e-scooters and e-bikes. The company aims to create a future where transportation is shared, affordable, and carbon-free, operating in approximately 230 cities across 29 countries. Lime's vertically integrated platform combines proprietary hardware and software, enabling efficient operations and fostering partnerships with cities.

Founded
2017
Key Metrics
The company delivered a seamless rider experience to approximately 19 million riders in 2025.

Key Financials

Metric202520242023
Revenue$886.7M$686.6M$522.0M
YoY Growth+29.1%+31.5%-
Adjusted Net Loss-$59.3M-$33.9M-$122.4M
Margin %-6.7%-4.9%-23.4%
Gross Margin
41%

Balance Sheet

Cash & Equivalents
$339.8M
Total Debt
$1.2B

Implied Valuation at Midpoint

Market Cap
$1.6B
P/S Ratio
1.8x

Based on price range midpoint and most recent fiscal year data.

S-1 Highlights

Market & Competition

The company operates in the shared micromobility industry, competing with other operators such as Bird and Spin. Lime holds a significant market share, with approximately 27% across the countries they operate in.

Use of Proceeds

The company estimates that net proceeds from the IPO will be approximately $141.6 million, which will be used to fund operations and create a public market for their common stock.

Key Risk Factors

  • The company faces risks related to regulatory compliance, as laws governing shared micromobility are still developing and may impact operations.
  • A material weakness in internal control over financial reporting could affect the company's ability to accurately report financial results, potentially harming investor confidence.

Deal Structure

Primary Shares
6,679,791 shares
Secondary Shares
276,731 shares
Shares Outstanding
64,025,936 shares
Post-IPO Float
10.9%
Lock-up
160 days
Lead Underwriters
Goldman Sachs, J.P. Morgan, Jefferies, Evercore ISI, Citizens Capital Markets, KeyBanc Capital Markets, Needham & Company, William Blair

Reported Broker Availability

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