Neutron Holdings, the parent company of shared-scooter and e-bike operator Lime, filed to go public on the Nasdaq Global Select Market under the ticker 'LIME,' with Goldman Sachs, J.P. Morgan and Jefferies leading the offering. The company is targeting roughly $200 million in proceeds at a valuation around $1.8 billion, and filed an amended S-1 this week as it advances toward pricing.
Lime is one of the rare profitable-ish names in shared mobility: it crossed $886 million in revenue in 2025, generated more than $100 million in free cash flow, and grew adjusted EBITDA 42% year over year, with a fleet across roughly 230 cities in 29 countries and more than a billion lifetime rides. Uber, which already owns more than 10% of the company and drives about 14% of its revenue through app-based rental integration, is set to anchor the offering.
“The company is targeting roughly $200 million in proceeds at a valuation around $1.8 billion, and filed an amended S-1 this week as it advances toward pricing.”
The filing is candid about risk: Lime warned of 'substantial doubt' about its ability to continue as a going concern without raising funds to service debt. That framing makes the IPO as much a balance-sheet necessity as a victory lap -- but a real-revenue micromobility listing still widens a 2026 IPO window that had been dominated by AI and energy names.