Lime IPO Raises $167M, Values Company at $1.6B After Strong Revenue Growth
LIME•Lime’s IPO sold 6.68 million shares raising $167 million, valuing the company at about $1.6 billion. The company’s revenue rose from $522 million in 2023 to $886.7 million in 2025 but incurred a $59.3 million net loss that year.
1. IPO Details
Lime sold 6.68 million shares in its initial public offering at $25 each, raising $167 million and valuing the company at approximately $1.6 billion. The listing provides access to public capital to support fleet expansion and technology development.
2. Financial Performance
Revenue increased from $522 million in 2023 to $886.7 million in 2025, while the company posted a net loss of $59.3 million in 2025, highlighting ongoing challenges in converting top-line growth into sustainable profitability.
3. Strategic Partnerships and Market Outlook
Lime’s partnership with Uber remains a key strategic asset, granting access to a larger customer base through integration in the Uber app. Operating in over 230 cities, Lime must manage regulatory costs, fleet maintenance, and competition to improve margins over time.
