Uber-backed Lime and investors raise $174 million in IPO at $25 per share
AI Market Summary
Lime raised $174 million in a Nasdaq IPO priced at $25, implying a ~$1.6 billion market value. Uber's stake is diluted to ~22% but remains the largest external holder, making Uber the most directly affected listed exposure. With Lime still loss-making and the deal size modest, the readthrough for Uber and lead underwriters (Goldman, JPMorgan) appears limited, suggesting minimal near-term market impact.
Impact level
● Low
Affected assets
NCSKUBER2USD/USDT-3.00%
AI Insight · NCSKUBER2USD/USDTAI Insight
● Neutral
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Lime completed a $174 million IPO priced at $25 per share, valuing the company at $1.6 billion. Uber’s stake is set to fall to 22% from 24%, while remaining the largest outside shareholder. Goldman Sachs and JPMorgan served as joint lead underwriters. In 2025, Lime reported revenue of $886.7 million and a net loss of $59.3 million.
