Overview
- Lime priced its initial public offering at $25 per share and granted underwriters a 30-day option for an extra 1,043,478 shares, with trading expected to begin on the Nasdaq Global Select Market under the ticker LIME on July 1, 2026.
- The offering comprises 6,956,522 shares, of which 6,679,791 are new shares sold by Lime and 276,731 are from existing stockholders, producing estimated net proceeds between $142 million and $166 million depending on overallotment.
- Management plans to use about $115 million of the proceeds to pay down outstanding debt, leaving only partial relief for the company’s previously disclosed near-term liabilities and liquidity needs.
- Uber has signaled nonbinding interest in buying up to $20 million of the offering, reflecting its commercial tie to Lime that accounted for roughly 14% of recent revenue and underscoring investor support from a strategic partner.
- Lime enters public markets with strong scale claims—more than 1 billion rides and operations in about 230 cities—but faces persistent unprofitability, high operating and regulatory costs, and sector consolidation that mean it may still need further refinancing or a credit facility.