Lime, the electric bike and scooter rental service backed by Uber, has filed for an initial public offering (IPO). The company, operating as Neutron Holdings Inc., has long planned to enter the stock market. According to CEO Wayne Ting, the company is ready for the public market based on its financial performance and growth rates, reports Techcrunch.com reports .
The company intends to list on the Nasdaq exchange under the ticker symbol "LIME". According to the report submitted to the U.S. Securities and Exchange Commission, Lime's revenue is growing steadily. Specifically, in 2025, the company generated $886.7 million in revenue. Although net profit has not yet been recorded, the company's free cash flow improved significantly, reaching $104 million in 2025.
Founded in 2017, Lime has close ties with Uber. In 2020, Uber led a $170 million investment round for the company. As part of this agreement, Lime acquired Uber's Jump division. Today, Lime services are available in 230 cities across 29 countries.
The partnership between Lime and Uber remains a key factor in the company's development. Users can rent Lime scooters and bikes directly through the Uber app. According to SEC filings, nearly 14.3 percent of Lime's total revenue last year came from its partnership with Uber.
Read “Zamin” on Telegram!
