Uber-backed Lime rides IPO wave to $1.73 billion valuation in Nasdaq debut

Uber-backed micromobility company Lime debuted on Nasdaq at a valuation of about $1.73 billion, with shares opening at $27 against an IPO price of $25, raising roughly $174 million from the sale of around 7 million shares. Lime operates in over 230 cities globally and relies on Uber for a significant portion of revenue, but posted a net loss of $59.3 million on revenue of $886.7 million in 2025. Analysts called the reception measured rather than euphoric, noting the broader IPO market is regaining momentum after earlier volatility.