Lime, the Uber-backed micromobility firm, information for IPO

After years of hints and preparation, the Uber-backed electrical bike and scooter rental startup Lime has filed for an preliminary public providing.

The corporate, which is included as Neutron Holdings Inc., has eyed the public markets for not less than 5 years. CEO Wayne Ting final spoke told TechCrunch in 2023 concerning the prospect of an IPO, noting on the time that Lime had the the economics, the expansion, and the profitability to take the startup public. All that was required was correct market circumstances.

That day has apparently arrived.

The corporate intends to listing on ​Nasdaq beneath the ticker image “LIME.” Lime didn’t share phrases of the providing, which was filed Friday with the U.S. Securities and Trade Fee.

Lime’s IPO submitting exhibits an organization with rising income, however not but profitability. The corporate generated $521 million in income in 2023, $686.6 million in 2024, and $886.7 million final 12 months.

Its web losses had been $122.3 million in 2023, however that line merchandise has narrowed the previous two years. Lime reported web losses of $33.9 million in 2024 and $59.3 million in 2025. Lime additionally reported it had free money circulation the previous three years; its free money circulation was $104 million in 2025, almost double from the earlier 12 months because of a rise in money offered by working actions

Lime, which was based in 2017, has deep ties to Uber. The ride-hailing and supply large led Lime’s $170 million funding spherical in 2020. As a part of that deal, Lime acquired Jumpthe electrical bike and scooter division that Uber purchased again in 2018 for round $200 million. After the acquisition Soar’s title disappeared and its property had been absorbed by Lime. Within the years since, Lime has built-in extra intently with Uber.After the acquisition Soar’s title disappeared and its property had been absorbed by Lime. Within the years since, Lime has built-in extra intently with Uber.

The acquisition additionally propelled Lime’s growth. The corporate, which lets customers lease scooters and ebikes by its app, is now in 230 cities and 29 nations.

Lime’s relationship with Uber has additionally been a gentle tailwind for the enterprise. Underneath its unique relationship, Lime autos are featured as a experience choice inside the Uber app in almost all of its shared markets. A piece of Lime’s income — about 14.3% final 12 months — got here by its partnership with Uber, the SEC doc exhibits.