Key facts
- Lime plans to designate Uber as an anchor investor for its upcoming IPO.
- The company aims to raise around $200 million at a valuation of approximately $1.8 billion.
- Lime has filed for its IPO on Nasdaq under the ticker symbol 'LIME'.
- Lime reported $886.7 million in revenue for 2025, with net losses of $59.3 million.
- The company faces significant debt, with over $1 billion in current liabilities and substantial amounts due by the end of 2026.
Lime, the electric bike and scooter rental company, is planning to designate Uber as an anchor investor in its initial public offering, according to a report by The Information. The company is reportedly preparing to start its IPO roadshow this week, aiming to raise approximately $200 million at a valuation of about $1.8 billion.
Lime has officially filed for its IPO with the U.S. Securities and Exchange Commission, intending to list on the Nasdaq under the ticker symbol "LIME." The company reported revenue of $886.7 million in 2025, with its net losses narrowing to $59.3 million in the same year. Despite growing revenue, Lime faces significant debt, holding approximately $1 billion in current liabilities, with substantial portions due within the next year and by the end of 2026. The company has warned investors that it has "substantial doubt" about its ability to continue as a going concern without securing additional financing through the IPO or other means.
Lime has deep ties to Uber, which led its $170 million funding round in 2020 and acquired Lime's Jump division. Lime vehicles are integrated into the Uber app, and the partnership accounts for about 14.3% of Lime's revenue.