Lime, the electric scooter and bike-sharing company, has filed for an initial public offering (IPO) in the United States, aiming to list on Nasdaq under the ticker "LIME." The company plans to use the IPO proceeds to repay all outstanding debt, fund ongoing operations, and potentially acquire new technology. Lime reported a 29.1% increase in revenue to $886.7 million in 2025, despite a net loss of $59.3 million.
The IPO filing highlights Lime's liquidity risks, suggesting the offering is crucial for financial stability. Lime's strategy contrasts with its rival Bird, which went public in 2021 but later filed for bankruptcy. Lime's IPO is backed by major underwriters Goldman Sachs, J.P. Morgan, and Jefferies, indicating confidence in the company's financial prospects despite past challenges in the scooter-sharing market.
Lime Files for IPO to Address Debt and Liquidity Concerns
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