Uber-backed Lime set for Nasdaq debut after $174 million IPO

Neutron Holdings

01/07/2026 14:02

** Electric bike startup Lime LIME.O, backed by Uber UBER.N, set for Nasdaq debut later on Wednesday after $174 million IPO
** LIME and some existing shareholders sold ~7 million shares at $25 apiece, within marketed range of $24 and $26  
** Founded in 2017 and helmed by former Uber executive Wayne Ting, LIME provides short-term rentals of electric bikes and scooters
** Analysts say scooter rental fits within the portfolio for companies that won’t be disrupted by AI
** Uber had indicated interest in buying up to $20 million of LIME shares from offering
** Goldman Sachs and J.P. Morgan acted as lead book-running managers for offering

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))