Micromobility operator Lime has taken a major step toward the public markets, raising $167 million through its IPO. The company sold 6.68 million shares at $25 apiece, landing at the midpoint of its expected range, with trading set to begin on Nasdaq under the ticker LIME.
The listing arrives after years of anticipation. Founded nine years ago, Lime has repeatedly signaled its interest in going public as it worked to strengthen its business and wait for more favorable market conditions. The new valuation places the company at about $1.66 billion.
The offering also reflects Lime's effort to reinforce its balance sheet. In its filing, the company said the proceeds would help address roughly $1 billion in liabilities. At the same time, Lime has been improving its operating profile, with revenue rising from $521 million in 2023 to $886.7 million last year, while losses narrowed significantly in 2024 before ticking higher again in 2025.
Its growth has been powered by a broad international footprint. Lime now operates in 230 cities across 29 countries, making it one of the most visible names in shared electric mobility. Uber remains an important strategic partner, holding a 24% stake and contributing more than 14% of Lime's revenue last year through integrated ride booking in select markets.
As shared urban transport continues to evolve, Lime's public debut may help define the next chapter for cleaner, more connected city mobility.
