Lime seeks to raise $180.9 million in its U.S. IPO, aiming for a valuation of $1.8 to $2 billion, making it the first dedicated micromobility company to go public in nearly eight years. Uber acts as the anchor investor, integral to Lime’s operations since 2020, when it transferred its Jump bike service to Lime. Presently, 14.3% of Lime’s revenue is generated through the Uber app.
Despite a growing customer base and revenue increase to $886.7 million in 2025, Lime faces a looming liquidity issue, with $845 million in debt due soon. The IPO proceeds will cover only a fraction of this liability, necessitating further financial measures.
Valuation suggests a 2x revenue multiple, yet dependence on Uber exposes Lime to risks. A successful IPO could benefit the entire micromobility sector, while a failure could deter other companies from pursuing public offerings.