SAN FRANCISCO — Lime has officially filed for an initial public offering on the Nasdaq exchange under the ticker symbol LIME. The parent company, Neutron Holdings, submitted the filing on Tuesday. Goldman Sachs and JPMorgan are serving as the lead underwriters for the offering. The document did not disclose the specific number of shares or the target price for the debut.
Financial records included in the filing show that Lime generated $886 million in revenue during 2025. This figure represents a 29 percent increase compared to the previous reporting period. The company did not provide a specific date for when the shares will begin trading on the exchange. The filing remains subject to further review by federal regulators.
Operating losses for the company reached $59.3 million during the same 2025 period. This loss represents a 75 percent increase in net deficits compared to prior figures. Chief Executive Officer Wayne Ting, a former Uber executive, currently leads the firm. The company did not disclose the exact date it expects to reach net profitability in the filing.
Lime operates in 230 cities across 29 countries, including major markets like London and Paris. The company was founded in 2017 by Brad Bao and Toby Sun. Revenue from the partnership with Uber accounted for 14 percent of the total income reported last year. These electric bikes and scooters remain the core product for the firm.
The micromobility sector has faced significant financial pressure since 2023. Rival firm Bird filed for bankruptcy during that year due to high operating costs. Lime continues to navigate regulatory hurdles regarding parking in its various service areas. The company has not yet announced a timeline for its investor roadshow or the final pricing of the stock.
