Lime, the electric bike and scooter rental company backed by Uber, has filed for a US initial public offering, testing investor interest in the struggling micromobility sector. The San Francisco-based firm, operating in 280+ cities globally, listed its parent company Neutron Holdings with the ticker LIME on Nasdaq, led by underwriters Goldman Sachs and JPMorgan. While Lime’s 2025 revenue grew 29% to $886 million, net losses surged 75% to $59.3 million, highlighting persistent financial challenges.

The IPO follows a dramatic decline from its 2019 $2.4 billion valuation, with Uber retaining over 10% stake after acquiring its Jump business in 2020. Competitors like Bird, which collapsed in 2023, underscore the sector’s volatility. Lime’s dockless model, criticized for cluttered sidewalks, faces regulatory scrutiny even as it partners with Uber to drive 14% of its revenue through the ride-hailing app.

Founder Wayne Ting, a former Uber exec, leads the company’s pivot to profitability amid a fragmented market.