Lime, founded in 2017 and helmed by former Uber executive Wayne Ting, operated in about 230 cities across 29 countries, as of December 31, 2025.
Lime, which provides short-term rentals of electric bikes and scooters, and some selling shareholders are looking to sell about 6.96 million shares in total, priced between $24 and $26 apiece, aiming to raise up to $181.9 million.
Key Details:
- Ticker: LIME (planned for Nasdaq)
- Price range: $24–$26 per share
- Shares offered: ~6.96 million total (mostly by the company, some by selling shareholders)
- Expected raise: Up to ~$182 million (at midpoint)
- Valuation: Targeting up to ~$1.66–1.8 billion (post-IPO)
- Underwriters: Led by Goldman Sachs and JPMorgan
- Roadshow: Launched around June 22, 2026; pricing expected the week of June 29, 2026 (trading shortly after)
The firm outlined in its prospectus that it has incurred net losses in every year since its inception. For 2025, it posted a net loss of $59.3 million on revenue of $886.7 million.
The company, which filed for its public offering last month, has applied to list on the Nasdaq under the ticker symbol “LIME.”
Goldman Sachs, J.P. Morgan and Jefferies are among the underwriters for the offering.
No comments:
Post a Comment