Neutron Holdings, Operator of Lime, Files for U.S. IPO with $250 Million Target

Stock News
05/11

Neutron Holdings (LIME.US), the company behind the Lime brand of electric scooter and e-bike rentals, publicly filed its registration statement with the U.S. Securities and Exchange Commission (SEC) last Friday. The initial public offering (IPO) is expected to raise up to $250 million. Lime describes itself as the world's largest shared micromobility company. It offers short-term rentals of electric scooters and electric bicycles, operating in approximately 230 cities across 29 countries as of December 31, 2025. In 2025, Lime served approximately 19 million riders. The company is headquartered in San Francisco, California, and was founded in 2017. For the 12-month period ended March 31, 2026, the company recorded revenue of $928 million. Lime plans to list on the Nasdaq exchange under the ticker symbol "LIME". The company had previously submitted a confidential draft registration statement on October 29, 2025. The joint book-running managers for the offering are Goldman Sachs, J.P. Morgan, Jefferies, Evercore ISI, Citizens JMP, and KeyBanc Capital Markets. The company has not yet disclosed pricing terms for the offering.

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