Lime, backed by Uber, plans U.S. IPO with banks, potential value higher than $510 million.

From Yahoo Finance: 2025-06-24 10:19:00

Lime, a startup backed by Uber, is preparing for a U.S. IPO with the help of Goldman Sachs and JPMorgan Chase. The IPO could value Lime higher than its 2020 valuation of $510 million. Lime offers electric bike and scooter rentals in over 280 cities worldwide.

The IPO market is showing signs of recovery, with Circle Internet raising $1 billion in June. U.S. IPOs this year have raised nearly $27 billion, up 45% from last year. Lime’s potential listing will test investor confidence in technology startups like Lime in the micromobility sector.

Lime reported a 32% revenue growth to $686 million in 2024, remaining free cash flow positive for the second consecutive year. The IPO will be a test of confidence in technology startups facing regulatory hurdles and high operating costs. Lime’s listing could indicate a shift in investor sentiment towards micromobility companies.



Read more at Yahoo Finance: Exclusive-Uber-backed electric bike startup Lime hires banks for US IPO, sources say