According to individuals with knowledge of the matter, Neutron Holdings Inc., widely known as Lime, has priced its initial public offering at $25 per share, which sits at the midpoint of its previously disclosed price range.

The company, which is supported by Uber Technologies Inc and offers short-term electric scooter and bicycle rentals, had set its IPO price range between $24 and $26 per share. The offering involves 6.68 million shares being issued, with an additional 276,731 shares being sold by shareholders including CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao.

The sources indicated that the specific details of the offering are still subject to change and requested anonymity as the information is not yet public. Lime did not immediately respond to a request for comment.

The company achieved a valuation of $510 million in a 2020 funding round led by Uber. Lime had initially considered going public as early as 2021.