Lime Eyes $2 Billion IPO as eBike Demand Grows
The electric scooter and eBike company Lime is heading to Wall Street. Lime parent Neutron Holdings filed paperwork with the Securities and Exchange Commission on May 8 for its initial public offering. The Lime eBike IPO filing 2026 targets a significant valuation jump from where the company stood just a few years ago.
Sources told the Financial Times that Lime is hoping to list at a valuation of around $2 billion, up from the $500 million valuation the company reached in 2020 when Uber purchased its stake. Lime had been valued at $2.4 billion prior to the COVID pandemic.
The San Francisco-based firm, incorporated as Neutron Holdings Inc. and backed by Uber, intends to list on Nasdaq under the ticker symbol LIME, with Goldman Sachs and JPMorgan serving as lead underwriters. Founded in 2017, Lime provides short-term rentals of e-bikes and e-scooters in 230 cities across 29 countries.
Revenue growth is a bright spot in the Lime eBike IPO filing. The company generated $521 million in revenue in 2023, $686.6 million in 2024, and $886.7 million last year. Lime also reported free cash flow for the past three years, with free cash flow of $104 million in 2025, nearly double from the year before.
But the filing doesn’t hide the risks. Lime carries approximately $1 billion in current liabilities, with $675.8 million of that due by the end of 2026. Lime does not have sufficient liquidity to pay that, according to its filing. The company has stated plainly that if it cannot complete the IPO and raise the necessary capital, or renegotiate its debt, it may not be able to continue operating as a going concern.
Lime has warned that it has lost money every year since launching in 2017 and that it “may not be able to achieve or maintain profitability in the future.” The filing also adds that Lime’s expenses “will likely increase” as it ventures into new cities and increases its marketing budget.
For the micromobility sector, this IPO is a defining moment. The Lime eBike IPO filing 2026 is essentially a lifeline, a high-stakes bet that public markets will see enough promise in the company’s trajectory to look past its balance sheet.
