Lime, the Uber-backed micromobility company, files for IPO

Lime, the San Francisco-based shared e-bike and scooter operator, said it has filed paperwork with the US Securities and Exchange Commission for an initial public offering. The company has telegraphed a listing for years, and Uber remains one of its largest outside shareholders. Lime previously reported its first full year of operating profit and said its revenue surpassed $686 million in 2024.

The broader micromobility sector went through a brutal post-pandemic consolidation. Rivals including Bird, Spin and Helbiz filed for bankruptcy or shrank sharply. Lime points to several factors behind its survival: in-house engineered next-generation hardware, tighter compliance with city permit programs, and booking traffic flowing through the Uber app.

The filing does not yet specify a price range or target valuation, with the listing expected on either the NYSE or Nasdaq. Investors are likely to focus on seasonality, unit economics per ride and city-level regulatory decisions. Uber's intent to expand micromobility within its broader super-app strategy will sit at the center of Lime's pitch to public markets.