Lime Files for Nasdaq IPO After Revenue Surges Past $886 Million

Benzinga reported Friday that electric scooter and bike operator Lime has submitted a U.S. IPO filing, disclosing annual revenues of $886.7 million for fiscal year 2025. The company plans to list on the Nasdaq under the ticker “LIME.”

Lime IPO Comes on the Back of Strong Growth

The Lime IPO filing reveals a 29.1% jump in full-year revenue compared to the prior year. First-quarter 2026 revenue reached $170.2 million, up sharply from $129 million in the same period of 2025. The company has now generated positive free cash flow for three straight years. It remains unprofitable at the net income level, a detail investors will weigh carefully.

Goldman Sachs and JPMorgan are among the underwriters on the deal. The Nasdaq listing would give Lime a public market benchmark for the first time since its founding nearly a decade ago.

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Background: From Startup to Global Micromobility Network

Lime was founded in 2017 and is currently led by CEO Wayne Ting, a former Uber Technologies executive. The company operates across roughly 230 cities in 29 countries, making it one of the largest shared micromobility platforms globally. Uber Technologies remains a key backer, having deepened its relationship with Lime after selling its own JUMP e-bike business. Lime’s model depends on city permits, regulatory goodwill, and dense urban ridership to sustain unit economics at scale.

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A Crowded 2026 IPO Pipeline Raises Questions

The Lime filing lands amid a broad revival in U.S. listings activity. After a prolonged drought driven by equity market volatility and geopolitical tensions, companies across AI infrastructure, defense technology, and biotech have begun filing for public offerings. Highly anticipated names including SpaceX, OpenAI, Anthropic, and Databricks are all expected to pursue listings at some point this year.

The surge in candidates has drawn caution from some corners. Venture investor Chamath Palihapitiya warned that the sheer volume of potential listings risks overwhelming investor appetite, suggesting the market may struggle to absorb so many deals at once without pricing pressure.

For Lime, the timing represents a calculated bet that public markets can accommodate a profitable-on-cash-flow, loss-making-on-paper growth story. With urban mobility demand recovering post-pandemic, the company appears to believe the window is open.

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