Lime’s IPO Boosted by Uber’s Deepening Investment Stake

Lime is gearing up to go public with a new IPO that includes Uber as a key investor. The scooter and bike-sharing company aims to raise about $200 million. This move values Lime around $1.8 billion.

The company filed its S-1 registration with the SEC on May 8, 2026. An updated prospectus naming Uber as an anchor investor is expected soon. Lime plans to begin investor presentations and a roadshow this week.

Uber already owns more than 10% of Lime. That stake comes from a $170 million funding round back in 2020. Uber’s integration with Lime’s app accounts for about 14.3% of Lime’s total revenue. This shows the two companies have a close business relationship.

Financial Picture Behind the IPO

Lime reported revenue of $886.7 million in 2025. That represents a 29% increase from 2024. Despite the growth, Lime posted a net loss of $59.3 million last year, up from $33.9 million in 2024. The company carries $1 billion in current liabilities. Of that, $675.8 million is due by the end of 2026.

The IPO’s $200 million target would cover less than a third of Lime’s near-term liabilities. Lime plans to use the proceeds to fund operations, repay some debt, and invest in new assets or acquisitions.

Uber’s Role and the Leadership Link

Uber is expected to invest a “meaningful” amount in the IPO. It has also guaranteed a $115 million Lime loan due in September. This financial backing highlights Uber’s commitment to Lime’s future.

The connection between the companies runs deep. Wayne Ting, Lime’s CEO, was once chief of staff to Uber’s CEO Dara Khosrowshahi. This relationship likely helped shape the close ties between the two firms.

Lime plans to sell about 6.7 million shares priced between $24 and $26 each. At the top end, that would value Lime at about $1.7 billion. The company’s targeted valuation in the IPO is roughly $1.8 billion.

This IPO marks a big step for Lime as it seeks to grow and stabilize financially. Uber’s role as an anchor investor strengthens Lime’s position and signals confidence in the scooter company’s future.