US stocks: Uber-backed Lime seeks up to $1.66 billion valuation in US IPO

Uber-backed Lime, an electric bike and scooter rental company, is seeking up to $1.66 billion valuation in its US IPO on Nasdaq under ticker LIME, offering about 6.96 million shares priced between $24 and $26 each to raise up to $181.9 million. The company posted a net loss of $59.3 million on revenue of $886.7 million in 2025 and operates in around 230 cities across 29 countries. Uber has indicated interest in buying shares worth up to $20 million in the offering, with Goldman Sachs, J.P. Morgan and Jefferies among the underwriters.