US stocks: Uber-backed Lime seeks up to $1.66 billion valuation in US IPO ETMarkets.com Lime's offering, however, would serve as a test of investor demand for the startup that operates in an industry facing high costs of doing business and regulatory hurdles.
Synopsis Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, seeking to raise over $180 million.
Despite past losses, the company boasts rapid revenue growth and a global presence.
Uber, a key investor, plans to buy shares.
This offering will test investor appetite for the industry, which faces regulatory and operational challenges.
By Reuters Jun 22, 2026, 09:32:00 PM IST Follow us Uber-backed Lime is seeking a valuation of up to $1.66 billion in its U.S.
IPO, as the electric bike and scooter network operator looks to capitalize on improving investor appetite for new listings.ADVERTISEMENT The IPO market has rebounded from volatility linked to the Iran war, with many hopeful issuers pushing ahead with their plans to go public as strong equity markets and blockbuster IPOs shore up investor demand.
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.
"The valuation does not look excessive, because Lime is already large, global, and cash-generative, with decent financials as revenue has grown quickly over the past three years," said IPOX Research Associate Lukas Muehlbauer.
Uber, which led a funding round for Lime in 2020, has indicated an interest in buying shares worth up to $20 million in the offering, the filing said.
For 2025, it posted a net loss of $59.3 million on revenue of $886.7 million.ADVERTISEMENT ADVERTISEMENT 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.
The company, which filed for its public offering last month, has applied to list on the Nasdaq under the ticker symbol "LIME."ADVERTISEMENT Goldman Sachs, J.P.
Morgan and Jefferies are among the underwriters for the offering.
