How Lime went from pandemic write-off to a $167M IPO — TFN

Lime priced its Nasdaq IPO at $25 a share on June 30, 2026, raising $167 million.

The listing follows a valuation crash from $2.4 billion in 2019 to about $510 million in 2020.

Uber, a longtime partner, plans to buy up to $20 million of shares in the offering.

Five years ago, Lime looked like a cautionary tale. The pandemic emptied city streets, scooter demand collapsed, and the company’s valuation fell from $2.4 billion in 2019 to around $510 million in 2020.

Earlier this week, it priced its initial public offering at $25 per share, the midpoint of its $24 to $26 marketed range, and sold 6.68 million shares, raising $167 million, reports Reuters. It is expected to begin trading on the Nasdaq under the ticker LIME.