Lime, the electric scooter and bike-sharing company, filed for a US IPO on May 8, 2026. The company plans to list on Nasdaq under the ticker LIME, with Goldman Sachs, J.P. Morgan, and Jefferies serving as underwriters.
Lime wants to use the proceeds to repay all outstanding debt, fund operations, and potentially acquire new technology.
The Numbers Tell Two Stories
Lime posted 2025 revenue of $886.7 million, a 29.1% increase from the prior year. However, the net loss widened to $59.3 million. The company has managed positive free cash flow for three consecutive years.
The Bird Problem
Bird, Lime’s direct rival in scooter-sharing, went public in 2021 via a SPAC merger, saw its stock crater, burned cash, and filed for bankruptcy. By 2024, Bird was delisted after a 90% market value decline. Lime, backed by Uber since 2018, survived where Bird did not.
Why the Debt Matters
Lime’s intention to use IPO proceeds to repay all debt is telling. The liquidity risks flagged alongside the filing suggest the IPO may be necessary, not just opportunistic. Revenue growth of 29.1% is strong, but the widening net loss needs a clear path to reversal. The underwriter roster signals serious banks believe they can sell this deal.