The IPO Buzz: Lime (LIME) Prices its IPO at $25 – Mid-Point

LIME, also known as Neutron Holdings (LIME), priced its IPO at $25.00 – the mid-point of its $24.00-to-$26.00 range – and sold 6.96 million shares – the number in the prospectus – to raise $174 million on Tuesday night, June 30, 2026. At pricing, LIME had a market cap of $1.6 billion.

Goldman Sachs, J.P. Morgan and Jefferies led the joint book-running team. Evercore ISI, Citizens Capital Markets and KeyBanc Capital Markets were also book-runners.

Uber, the biggest shareholder, had indicated an interest in buying up to $20 million of stock in the IPO – or about 11.49 percent of the deal.

LIME, based in San Francisco, offered its service in 230 cities in 29 countries as of Dec. 31, 2025. The company served about 19 million riders in 2025. The company was founded in 2017.

Uber began its investment in LIME in 2018. Uber holds a pre-IPO stake of 24.4 percent of Lime’s outstanding stock. After the IPO, Uber’s stake will drop to 21.9 percent.

LIME’s IPO attracted some substantial interest from institutional investors, according to the word on the Street.

LIME  intends to use the IPO’s proceeds to repay all $115 million (principal amount) of its Senior Secured Term Loan. This particular loan matures in September 2026 and bears an interest rate of 10 percent per year.

LIME (aka Neutron) intends to convert the rest of its debt into equity in connection with the IPO.

Some believe that LIME will be debt-free after the IPO.

After the IPO, LIME intends to enter into “a $200.0 million Revolving Credit Facility, which we may draw on at any time, subject to customary terms and conditions,” the prospectus said.

LIME is not profitable: Net loss of $64.6 million on revenue of $927.9 million for the 12 months that ended March 31, 2026, according to the prospectus.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

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Source: https://www.iposcoop.com/the-ipo-buzz-lime-lime-prices-its-ipo-at-25-mid-point/