Lime Sets July 1 Nasdaq IPO with $24–$26 Price Range

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Summary · why it matters

Electric scooter and e-bike rental company Lime, formally Neutron Holdings, will list on Nasdaq on Wednesday, July 1, under the ticker LIME. The offering includes 6,679,791 shares of common stock, with selling stockholders offering an additional 276,731 shares, at an expected price range of $24 to $26 per share. At the midpoint of $25, net proceeds are estimated at roughly $141.6 million, potentially rising to $165.8 million if underwriters exercise their full option. Goldman Sachs, J.P. Morgan, and Jefferies are leading the offering, with Uber Technologies holding a 24.4% stake and planning to invest up to $20 million in the IPO. Lime’s revenue grew from $522 million in 2023 to $886.72 million in 2025, but its net loss widened to $59.3 million, and as of March 31 it faced $845.8 million in principal payments due within 12 months against $261.3 million in cash, raising going-concern doubts that the IPO aims to resolve.

Impact on assets 4

Financials▲ · 2 stocks
Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Goldman Sachs is a lead underwriter for Lime's IPO, earning fees from the offering.

Robotics & Physical AI▲ · 1 stocks
Uber Technologies Inc
UBER
▲ PositiveCapitalrelevance

Uber holds a 24.4% stake in Lime and plans to invest up to $20 million in the IPO, potentially increasing the value of its stake.

Artificial Intelligence▲ · 1 stocks

Off-coverage companies 1

Neutron Holdings, Inc. (Lime)Private▲ Positive
Capitalrelevance

Lime is going public via IPO, raising capital to address liquidity concerns and going-concern doubts.