Uber-Backed Lime Files IPO, Reports 65% Revenue Jump to $467M
Lime, majority-backed by Uber, filed an S-1 registration for a US IPO showing full-year 2025 revenue jumped 65% to $467 million and net losses narrowed 25% to $92 million. The scooter startup plans to offer 25 million shares at an $18-$20 price range to raise about $450 million.
1. IPO Filing and Share Details
Lime submitted an S-1 registration to list on the NYSE, proposing to sell 25 million shares at $18 to $20 each, aiming to raise approximately $450 million in gross proceeds.
2. Fiscal 2025 Financial Results
The company reported revenue of $467 million for the year ended 2025, up 65% from the prior period, while net losses improved to $92 million, down 25% thanks to enhanced cost controls.
3. Uber’s Strategic Stake
Uber holds a 35% equity position in Lime, reflecting its continued support for micro-mobility solutions and potential integration opportunities in urban transportation networks.