Lime IPO Debuts on Nasdaq
Lime IPO opened on Nasdaq with a strong debut, lifting shares 8% and implying a $1.7 billion market value while reviving U.S. listings interest.
KEY TAKEAWAYS
- Lime priced its IPO at $25 and raised about $167 million in gross proceeds.
- Shares rose 8% in the Nasdaq debut, implying about $1.7 billion market value.
- Proceeds were earmarked to address roughly $1.0 billion of liabilities, over half due end-2026.
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Lime’s IPO opened on Nasdaq on July 1, 2026, with shares rising 8% in a strong debut that signaled renewed investor interest in U.S. listings. The Uber-backed micromobility operator entered public markets after years of uncertainty, achieving a market value near $1.7 billion.
Deal Terms and Trading Debut
Neutron Holdings Inc., operating as Lime, priced its U.S. initial public offering at $25 per share, the midpoint of a marketed range from $24 to $26. The company registered nearly 7.0 million shares, selling about 6.7 million primary shares while existing stockholders sold roughly 277,000 secondary shares. Lime raised approximately $167 million in gross proceeds from the primary shares.
The IPO was underwritten by a syndicate including Goldman Sachs, J.P. Morgan, Jefferies, Evercore ISI, Citizens Capital Markets, KeyBanc Capital Markets, Needham & Company, and William Blair. Lime granted the underwriters a 30-day option to purchase up to 1.0 million additional shares. The offering was expected to close on July 2, 2026, subject to customary conditions.
Shares began trading on Nasdaq under the ticker LIME and closed up 8% from the IPO price, implying a valuation near $1.7 billion. The debut was noted as part of a revived market for new U.S. listings, providing public investors with exposure to a micromobility business that has faced several years of operational uncertainty.
Capital Structure and Strategic Outlook
Company disclosures indicated that the IPO proceeds are intended to address about $1.0 billion in liabilities, with more than half due by the end of 2026. The raised capital would cover roughly 17% of this short-term debt burden.
Management positioned the public listing as a means to attract new investors and indicated ongoing consideration of mergers and acquisitions, while maintaining a high threshold for potential deals. Uber expressed interest in purchasing up to $20 million of shares in the offering.
The offering’s expected closing on July 2 will finalize Lime’s transition into a public company, setting the stage for its next phase of strategic development.
