"Shared bicycle 'unicorn' Lime (LIME.US), invested by Uber Technologies, Inc., lands on Nasdaq: IPO issue price of $25, valuation reaches $1.6 billion."

Neutron Holdings Inc. (LIME.US) and some of its shareholders raised 174 million US dollars in its initial public offering in the United States, priced at the midpoint of the market pricing range. The company is better known as Lime. The company, backed by Uber Technologies, Inc. (UBER.US), which provides electric scooter and bike short-term rental services, ultimately priced its stock at $25 per share, previously set at $24 to $26 per share. The company sold a total of 6.68 million shares, with shareholders including CEO Wayne Ting, President Joseph Kraus, and co-founder Brad Bao selling a total of 276,731 shares. On July 1st, the company will officially begin trading on the Nasdaq Global Select Market. According to documents submitted by Lime, this pricing has given the company a valuation of $1.6 billion. In contrast, Lime was valued at $510 million in a funding round led by Uber Technologies, Inc. in 2020. Lime initially planned to go public in 2021. Lime's core competitiveness lies in its vertical integration model - the company designs its hardware, develops software, manages data, operates its fleet, and has established a professional government relations team. This model allows Lime to better control vehicle lifespan, repairability, and rider safety. Lime's iconic green scooters and bikes can be found in over 230 cities across five continents, attracting California teenagers and London white-collar commuters. For example, according to the company's website, unlocking a Lime device in New York costs $1, with riding costs ranging from $0.45 to $0.50 per minute. Lime had 3.8 million monthly active users last year. According to the submitted documents, the San Francisco-based company is projected to generate revenue of $886.7 million in 2025, with a net loss of $59.3 million, compared to revenue of $686.6 million and a net loss of $33.9 million in the previous year. The exclusive partnership with Uber Technologies, Inc. is a key pillar of Lime's business model - Lime's scooters and bikes are included as a travel option in the Uber Technologies, Inc. app. In 2025, Uber Technologies, Inc. contributed approximately 14.3% of Lime's revenue. This deep integration provides Lime with a distribution advantage beyond an independent app. The documents show that Uber Technologies, Inc. is expected to hold 22% of outstanding shares after the IPO, down from 24% before the offering. Other shareholders include related to Abu Dhabi investment company Judan, Fidelity Investments, and Andreessen Horowitz. Goldman Sachs Group, Inc. and JPMorgan Chase & Co. led the offering. The stock will begin trading on the Nasdaq Global Select Market on Wednesday under the ticker symbol LIME.