Lime Files for Nasdaq IPO After Nearly 30% Revenue Jump

Benzinga reported Friday that Lime, the Uber-backed electric scooter and bike-share company, has filed for a U.S. IPO, seeking a listing on the Nasdaq stock exchange under the ticker symbol “LIME.” The company’s S-1 disclosure showed full-year 2025 revenue of $886.7 million, a 29.1% increase from the prior fiscal year.

Strong Growth but Losses Persist

Lime CEO Wayne Ting, a former Uber Technologies executive, has guided the company to an increasingly large global footprint. The firm now operates across roughly 230 cities in 29 countries. Despite impressive top-line momentum, Lime has not yet reached profitability on a net income basis.

What the company does highlight is its free cash flow record. Lime reported positive free cash flow for three consecutive fiscal years, a metric that will likely anchor its pitch to public market investors. First-quarter 2026 revenue came in at $170.2 million, up from $129 million in the same period a year earlier.

Background: Micro-Mobility’s Long Road

Lime was founded in 2017 and quickly became one of the most recognizable names in urban micro-mobility. The company has weathered intense regulatory scrutiny in European and American cities, pandemic-era demand collapses, and a highly competitive field of rivals. Uber Technologies holds a strategic stake, giving the ride-hailing giant exposure to short-distance urban transit without operating those fleets itself.

The company’s path to a public listing has been long in coming. Earlier fundraising rounds valued Lime at several billion dollars, though precise pre-IPO valuations shift with market conditions. Ting took over leadership in 2019 and has since focused on unit economics and geographic discipline.

A Crowded 2026 IPO Lane

The Lime IPO filing lands inside a busy window for new listings. U.S. equity markets have stabilized following volatility tied to geopolitical tensions, drawing a fresh wave of companies toward public market debuts. Names like SpaceX, OpenAI, Anthropic, and Databricks are widely anticipated to list at some point, potentially adding enormous sums to public market capitalization.

Not everyone is enthusiastic about the pace. Venture investor Chamath Palihapitiya has cautioned that the listing pipeline risks becoming saturated, telling Benzinga that overcrowding could leave investors with limited appetite for each new offering.

Goldman Sachs and JPMorgan are among the banks leading the Lime offering, according to the filing details reported by Benzinga. A final pricing date has not yet been announced.

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