Uber-backed Lime raises $167 million in IPO

**Lime Raises $167 Million in Nasdaq IPO, Eyes Next Phase of Global Growth**

Electric bike and scooter rental company Lime has successfully raised $167 million through its U.S. initial public offering, marking a major milestone in the company's journey toward becoming a publicly traded mobility provider. The California-based firm, officially known as Neutron Holdings, priced 6.68 million shares at $25 each, landing at the midpoint of its expected range. The IPO reflects growing investor confidence in companies with proven financial discipline and sustainable business models. Lime has reported three consecutive years of positive free cash flow while delivering strong revenue growth, helping strengthen its position ahead of the market debut. Chief Executive Officer Wayne Ting said the company believes the timing is ideal as it continues expanding operations while maintaining financial stability. Operating in more than 230 cities worldwide, Lime has benefited from increasing demand for affordable and environmentally friendly transportation options, particularly in crowded urban centers where short-distance travel is becoming more common. The company's long-standing partnership with Uber remains an important growth driver, allowing riders to access Lime vehicles directly through Uber's app. Uber has also committed to purchasing up to $20 million worth of shares as an anchor investor in the offering. Lime says its business continues to generate healthy returns, with most vehicles recovering their costs within a year while remaining operational for several years afterward. After experiencing a sharp valuation decline during the pandemic, the company has rebuilt its financial performance and is now preparing to begin trading on the Nasdaq under the ticker symbol "LIME." The successful listing represents another sign of renewed momentum in the U.S. IPO market and highlights increasing investor interest in sustainable urban mobility companies.