Lime, the electric bike and scooter rental firm backed by Uber Technologies Inc., is aiming to raise up to $180.9 million in its US initial public offering. The company is offering 6.7 million shares priced between $24 and $26 each, according to a Bloomberg report.
The IPO would value the firm at up to $1.7 billion, reflecting a significant step for the micromobility sector after years of consolidation and operational challenges. Lime has expanded to over 250 cities globally, but the road to profitability has been uneven for shared electric vehicle companies.
The offering includes shares from both the company and existing shareholders. At the midpoint of the range, the deal would raise roughly $167.5 million, providing fresh capital for fleet expansion and technology upgrades.
A successful listing could signal renewed investor appetite for last-mile transportation startups, though skepticism remains about unit economics and regulatory hurdles. Lime's performance post-IPO will be closely watched by competitors like Bird and Spin.
If priced at the top of the range, the IPO would value Lime at approximately $1.74 billion, according to Bloomberg's calculations.