Uber-Backed Lime Sets IPO at 6.96 Million Shares Priced at $24 to $26 Each

By Colin Kellaher

Neutron Holdings, a provider of short-term electric-bike and scooter rentals that does business as Lime, on Monday said it plans to sell about 6.68 million shares at between $24 and $26 apiece in its initial public offering.

At the $25 midpoint of that price range, the San Francisco company said it expects net proceeds of about $141.6 million, or around $165.8 million if the underwriters exercise an option to buy an additional 1.04 million shares.

Lime said current investors plan to sell another 276,731 shares in the offering, bringing the size of the IPO to nearly 6.96 million shares.

Lime has a partnership with Uber under which Lime vehicles are featured as a ride option within the Uber app in nearly all of the companies' shared markets.

Lime said Uber, which currently holds a 24.4% stake in the company, has indicated an interest in buying up to $20 million worth of stock in the IPO.

Lime said it would have nearly 65.1 million shares outstanding after the IPO, assuming an exercise of the overallotment option, for a market capitalization of about $1.63 billion at the $25-a-share pricing midpoint.

The company said it has applied to list its shares on the Nasdaq Global Select Market under the symbol LIME.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

June 22, 2026 10:33 ET (14:33 GMT)