The San Francisco scooter company priced at $25 a share, raising $174 million at a $1.6 billion valuation; Uber holds a 24% stake and is locked up for two years.

San Francisco scooter company Lime priced its initial public offering at $25 per share Wednesday, raising $174 million at a $1.6 billion valuation. The company, legally Neutron Holdings Inc., sold about 6.96 million shares in the offering, which priced at the midpoint of its $24–$26 range.

The IPO caps a nine-year run for the micromobility provider, which launched in 2017 alongside rivals Bird and Spin. Lime reported $886.7 million in revenue for 2025, up 29% from 2024, but posted a net loss of $59.3 million. For the first quarter of 2026, the company reported a $61.3 million net loss. In its S-1 filed May 7, Lime warned it “may not be able to achieve or maintain profitability.”

Uber holds about 24% of Lime’s common stock, according to the filing, and is subject to a staggered lock‑up that limits sales for two years. Lime plans to use the net proceeds—about $141.6 million after underwriting fees—primarily to repay $115 million of senior secured term loan debt.

Concurrent with the IPO, Lime is expanding its San Francisco footprint, moving into a 29,000‑square‑foot space at 444 Townsend St. in SoMa. The company has 1,148 employees worldwide, with more than 100 in the Bay Area.