Lime Debuts on Nasdaq as Micromobility Market Struggles

Shares began trading on the Nasdaq under the ticker "LIME," climbing roughly 9% during the first hour of market activity. The capital injection provides a critical lifeline for the firm, which warned in a May filing of "substantial doubt" regarding its ability to remain a going concern. Lime faces nearly $1 billion in liabilities, with over half of that debt maturing by the end of this year.

The public offering arrives as the micromobility sector undergoes a painful consolidation. While rivals such as Bird have filed for bankruptcy and others like Superpedestrian have shuttered, Lime has demonstrated a capacity for revenue growth. The company reported $886.7 million in revenue for 2025, up from $521 million in 2023. However, profitability remains elusive; after narrowing losses to $33.9 million in 2024, the company saw that figure rise to $59.3 million last year.

Expansion remains central to the firm's strategy, with operations now spanning 230 cities across 29 countries. Much of this reach is bolstered by a strategic partnership with Uber, which owns a 24% stake in the company. Last year, Uber’s platform accounted for more than 14% of Lime’s total revenue, underscoring the tight integration between the two entities.