Lime, the scooter and e-bike operator backed by Uber, closed at about $26 in its July 1 Nasdaq debut after trading as high as $27 and pricing its initial public offering at $25 a share under the ticker LIME. The debut valued the company at about $1.7 billion.
Lime sold 6,679,791 shares in the offering, raising about $167 million in gross proceeds, while existing stockholders sold 276,731 shares. The underwriters also received an option to buy up to 1,043,478 additional shares.
In an amended prospectus filed on June 22, Lime said it expected net proceeds of about $141.6 million at the $25 midpoint assumption, or about $165.8 million if the overallotment option is fully exercised. The company said it would use the proceeds to repay its $115.0 million senior secured term loan, cover certain tax withholding tied to RSU settlements, and fund general corporate purposes, and that it would receive no proceeds from shares sold by existing holders.
Uber indicated interest in buying up to $20 million of stock in the IPO and held a 24.4% stake before the offering. Lime reported 2025 revenue of $886.7 million and a net loss of $59.3 million.